Vooi Team Responds After $VOOI Falls 86% Post TGE

Yet, soon after going live, the token’s price began to fall. Within days, $VOOI dropped from an all-time high of $0.169 to just under $0.03 – an 86% drawdown. While early presale buyers reportedly saw modest gains, most traders and airdrop hunters felt left behind.

Team Acknowledges Launch Issues

On December 31, the Vooi team issued a statement addressing the TGE fallout. They acknowledged technical issues at launch, including smart contract congestion and limited availability for some regions. According to the team, these problems stemmed from unexpectedly high demand during the claim period.

They also clarified that liquidity was added to exchanges before the claim window began. However, the routing infrastructure struggled to keep up with requests, particularly in parts of Asia. Vooi said it responded by scaling up its backend resources and deploying additional routing tools.

“We are truly sorry,” the team wrote, referring to the technical friction.

Allocation Criticism and Eligibility Breakdown

Much of the post centered around airdrop allocation transparency, the issue that sparked the loudest community reaction.

According to the team, eligibility was determined based on multiple factors: trading consistency, proof-of-human checks, anti-sybil filters, and behavioral reviews. Many users were disqualified or had their allocations reduced due to farming with multiple accounts or exhibiting wash trading behavior.

Despite these filters, Vooi stated it still allowed partial allocations for users who failed some criteria. Additionally, allocations considered variables like referral contributions, activity in Vooi’s mini-app, and historical trades.

They also noted that Vooi’s own fee structure is often misunderstood. Many participants compared their airdrop returns against total trading fees (including DEX fees), whereas only Vooi-specific fees were relevant to allocation sizes.

The team emphasized that neither it nor its foundation sold tokens post-launch. “All token movements are recorded on-chain,” the statement read.

Community Still Disappointed

Despite the explanation, many users remain frustrated. Traders who generated millions in volume claimed to have received just a few dollars in tokens. Others accused Vooi of poor communication, especially around launch timing, and of prioritizing VC and presale allocations over active users.

Accusations of rug-pull behavior have circulated online. Users pointed to Vooi’s market cap collapse — from $112M to under $7M — and a lack of immediate recovery plans like token buybacks. Some also flagged the timing of the airdrop at year-end as a tax burden for U.S.-based participants.

The disappointment mirrors recent post-TGE sentiment seen with other launches like Aster and Solstice.

Team Looks to Rebuild Trust

Looking ahead, Vooi promised to release an updated roadmap and expand $VOOI’s interoperability and use cases. They reiterated their long-term mission of delivering a CEX-grade experience with a decentralized foundation.

“This TGE was only the beginning,” the team said. “We’re committed to transparency and continuous improvement.”

For now, however, $VOOI remains down over 80% from its peak. Whether the project can win back its once-hyped community remains to be seen.