🚨 A $12M backed crypto project just shut down. 😳
Layer 1 project Linera has stopped operations after its latest fundraising attempt failed to reach the required target.
💰 Raised in latest sale: around $848K to $900K
🎯 Minimum target: $1.5M
🔄 Subscription funds: Refunded
The surprising part?
Linera had already raised around $12M in earlier funding rounds. 👀
But funding alone couldn't keep the project alive.
🧠 Crypto reminder: Capital can buy time, but runway determines survival.
Now the big question:
👀 Can Linera ever come back, or is this really the end?
$LINERA
XRP
1.4101
-1.39%
BTC
81,139.73
-0.15%
ETH
2,636.37
-0.13%