#recall宣布清算拟销毁35.86%代币
$42 million raised. One year later, only $3.7 million left in the bank 🦖
📣 盘面异动群里喊
On October 31, the board of the Recall Foundation, which runs a decentralized AI agent evaluation platform, announced that it would wind down the foundation in an orderly manner in the near future.
The same announcement also stated that all 358 million RECALL tokens held by the foundation would be sent to a burn address, accounting for 35.86% of the total supply 💀
Holders will receive no distribution, no redemption, and no monetary compensation.
The board gave a straightforward reason: continuing to develop the protocol was not commercially viable.
The announcement specifically clarified that this had nothing to do with a hack or any security incident.
In other words, the tokens weren’t stolen or dumped. The project is shutting down voluntarily.
The token price tells the story even more clearly.
RECALL launched in October 2025 and peaked at $0.82.
It’s now trading at $0.032, down 96% from its high 📉
Its market cap is just $9.2 million, with a fully diluted valuation of $32.2 million.
It’s down 4.3% in 24 hours, 16.6% in seven days, and 33.6% in 30 days.
A project that raised a total of $42 million now has a market cap of less than a quarter of the amount it raised.
The announcement also explained where the money went.
As of October 30, the foundation had around $3.7 million in assets.
About $3.45 million is owed to creditors and vendors.
Around $200,000 is for winding-down costs, with another $50,000 set aside as a contingency reserve.
By that math, token holders are at the very back of the line.
Many people will instinctively see the 35.86% figure as bullish.
Cutting the supply from 1 billion tokens to 641 million sounds like serious deflation.
But a burn isn’t compensation. Those 358 million tokens were already controlled by the foundation.
Burning them simply brings the curtain down on a narrative that had already stopped selling ⚠️
More practically, the remaining 641 million tokens are still on the market.
At the current $9.2 million market cap, that supply still hangs over the market as a source of pressure.
The timeline is set in stone, too.
New competitions and staking rewards will stop on the day of the announcement.
On November 30, the official app will switch to read-only mode.
Final liquidation is expected to be completed in the first quarter of 2027, along with the burning of the remaining tokens.
RECALL tokens already staked are not included in the burn. Holders must unstake and withdraw them themselves.
New unstaking requests will no longer have a 30-day cooldown period.
My take: this isn’t a sudden collapse so much as an orderly exit.
An orderly wind-down, voluntary liquidation under Cayman Islands law, creditors and vendors paid first—the process is hard to fault.
But for the AI agent sector, this is an expensive warning sign.
Over the past two years, too many projects have treated tokens as fundraising tools, building entire cycles around evaluation, rankings, and incentives.
Once subsidies stop and real demand can’t support the valuation, shutting down becomes the only option.
There are two things worth watching next:
First, how many similar projects will switch to read-only mode after November 30?
Second, what will ultimately happen to the remaining 641 million tokens?
Are you still holding any AI tokens? Who do you think will be next?
Every day, I bring you the latest in crypto—not just what’s happening, but the logic and opportunities behind the headlines 👀🚀
$42 million raised. One year later, only $3.7 million left in the bank 🦖
📣 盘面异动群里喊
On October 31, the board of the Recall Foundation, which runs a decentralized AI agent evaluation platform, announced that it would wind down the foundation in an orderly manner in the near future.
The same announcement also stated that all 358 million RECALL tokens held by the foundation would be sent to a burn address, accounting for 35.86% of the total supply 💀
Holders will receive no distribution, no redemption, and no monetary compensation.
The board gave a straightforward reason: continuing to develop the protocol was not commercially viable.
The announcement specifically clarified that this had nothing to do with a hack or any security incident.
In other words, the tokens weren’t stolen or dumped. The project is shutting down voluntarily.
The token price tells the story even more clearly.
RECALL launched in October 2025 and peaked at $0.82.
It’s now trading at $0.032, down 96% from its high 📉
Its market cap is just $9.2 million, with a fully diluted valuation of $32.2 million.
It’s down 4.3% in 24 hours, 16.6% in seven days, and 33.6% in 30 days.
A project that raised a total of $42 million now has a market cap of less than a quarter of the amount it raised.
The announcement also explained where the money went.
As of October 30, the foundation had around $3.7 million in assets.
About $3.45 million is owed to creditors and vendors.
Around $200,000 is for winding-down costs, with another $50,000 set aside as a contingency reserve.
By that math, token holders are at the very back of the line.
Many people will instinctively see the 35.86% figure as bullish.
Cutting the supply from 1 billion tokens to 641 million sounds like serious deflation.
But a burn isn’t compensation. Those 358 million tokens were already controlled by the foundation.
Burning them simply brings the curtain down on a narrative that had already stopped selling ⚠️
More practically, the remaining 641 million tokens are still on the market.
At the current $9.2 million market cap, that supply still hangs over the market as a source of pressure.
The timeline is set in stone, too.
New competitions and staking rewards will stop on the day of the announcement.
On November 30, the official app will switch to read-only mode.
Final liquidation is expected to be completed in the first quarter of 2027, along with the burning of the remaining tokens.
RECALL tokens already staked are not included in the burn. Holders must unstake and withdraw them themselves.
New unstaking requests will no longer have a 30-day cooldown period.
My take: this isn’t a sudden collapse so much as an orderly exit.
An orderly wind-down, voluntary liquidation under Cayman Islands law, creditors and vendors paid first—the process is hard to fault.
But for the AI agent sector, this is an expensive warning sign.
Over the past two years, too many projects have treated tokens as fundraising tools, building entire cycles around evaluation, rankings, and incentives.
Once subsidies stop and real demand can’t support the valuation, shutting down becomes the only option.
There are two things worth watching next:
First, how many similar projects will switch to read-only mode after November 30?
Second, what will ultimately happen to the remaining 641 million tokens?
Are you still holding any AI tokens? Who do you think will be next?
Every day, I bring you the latest in crypto—not just what’s happening, but the logic and opportunities behind the headlines 👀🚀