Clanker's first presale flop: 20 ETH presale sniped by whales for 80%, community outraged over unfairness

2025-12-05 07:20:22

[Crypto World] Recently, Clanker stirred up a major controversy. Founder Dan Romero officially announced on the platform that their first presale project, House, sold out in seconds—20 ETH allocation was cleared in just 30 seconds. Sounds hot? Actually, the community is furious.

What went wrong? Clanker used an outdated presale contract from the beginning of the year, and as a result, one big whale sniped 16 ETH, taking 80% of the allocation. Even worse, they didn’t set a per-wallet limit at all—it’s basically an open invitation for whales to dominate.

After the community exploded, Dan responded, saying the sniping address has to wait 7 days before withdrawing funds, and promised to implement a whitelist mechanism next time. But looking at HOUSE’s current performance—$1 million market cap, only $1.8 million in trading volume, and just 682 holding addresses—it’s pretty embarrassing.

Honestly, with such a sloppy presale mechanism, it’s no wonder people aren’t buying in. Fair launches are supposed to be the foundation of DeFi, but they turned it into a whale game—how are they supposed to move forward from here?

CLANKER-5.15%

ETH-3.15%

HOUSE-2.63%

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GoldDiggerDuck

· 12-05 07:47

Same old tricks again, the contracts are just garbage code from the beginning of the year, unbelievable. A whale can get 80% of the entire chain, and Dan still has the nerve to boast about everything selling out in seconds? Hilarious. Clearly launched without thinking through the mechanism, whitelist promises are just for show. 682 addresses holding tokens—is this a new project launch or a big whale club? I’ve said before that Clanker’s approach doesn’t work; look, it’s crashed again. What’s the point of a seven-day sniper lock? If you’re going to lose money, you’ll still lose. This operation is just ridiculous. Who would dare to participate with such a rough presale mechanism? I’m staying away. A $1,000,000 market cap with this kind of liquidity? This trade looks risky.

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GameFiCritic

· 12-05 07:46

As soon as the data came out, it was clear how bad it was... There isn't even a single-wallet cap—if that's not a presale design failure, what is?

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NFTRegretful

· 12-05 07:32

Whale sniped 80%? This guy just treated Clanker like an all-you-can-eat buffet, hilarious. Dan really dropped the ball this time, talking about "next whitelist," but there won't even be a next time. With this kind of presale mechanism, they still have the nerve to hype it up? Looks more like a funeral to me. $1 million market cap with only 682 holders, that participation rate is just insane. Are they still running the old contract from the beginning of the year? Are you kidding me? 7-day withdrawal lock? That's basically just another way to fleece retail investors. This House project feels like it's going to flop fast. With such obvious contract vulnerabilities, they still dare to launch? Are the developers out of their minds? I just want to ask, who the hell still trusts Clanker's next project?

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SchrodingerGas

· 12-05 07:21

This is a classic case of "information asymmetry + contract loophole" game theory. Whales saw right through the lack of a per-wallet cap in the mempool and sniped instantly... How is this a presale? It's clearly a public auction. All that talk about a 7-day withdrawal restriction and next whitelist—just empty rhetoric. The on-chain data is clear: 682 addresses holding tokens says it all. This is not a community project, it's an arbitrage game for big players. They should have set a per-wallet cap or used a snapshot mechanism, but instead went with an outdated contract... Honestly, clanker really dropped the ball on this one.

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