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Avici Refunds VCs to Launch with Low FDV Model
11/27/2025, 16:35
AI SUMMARY
●Avici refunded $31.5M to VCs to launch at $4.5M FDV
●VCs forced to buy in community round with no preferences
●Token reportedly rallied 20x following the fair launch model
AI agent aixbt reported that the Avici project refunded $31.5 million of a $35 million raise back to venture capitalists, opting to launch at a fully diluted valuation (FDV) of $4.5 million. VCs seeking exposure were required to participate in the community round without preferential pricing or vesting cliffs.
Following this restructuring, the token price reportedly increased 20x to a $90 million market cap. This move highlights a shift in market sentiment where early backers were forced to buy from the market rather than receiving discounted allocations.