If we were to select the most anticipated TGE in the crypto space at the beginning of 2026, the prediction market Opinion (OPN) would likely receive a high number of votes.

This project has almost gathered all the elements to become a top player in the market: top VC endorsements, a hot sector, strong ties to Binance, and the narrative of the prediction market, which has been the hottest topic in recent years, drawing countless people's attention even before its launch.

The financing lineup is luxurious. Opinion Labs has completed a total of $25 million in funding over three rounds: the first angel round in August 2024, a $5 million Seed round led by YZi Labs (formerly Binance Labs) in March 2025, and a $20 million Pre-Series A round completed in February this year, attracting top institutions like Hack VC, Jump Crypto, and Primitive Ventures to participate.

Hack VC is a well-known fund focusing on AI and DeFi sectors in the crypto space and had previously invested in Anthropic; Jump Crypto is a major pillar of the Solana ecosystem, managing assets in the tens of billions. The simultaneous bets by these two institutions signal strong market confidence. YZi Labs has been involved in both the angel round and Seed round, never absent, directly providing Opinion with a channel for going public within the Binance ecosystem.

The choice of sector is timely. Continuous financing for Polymarket and Kalshi, collaborations with mainstream media, and skyrocketing trading volumes have made the prediction market the hottest crypto narrative from 2025 to the present. Opinion is deeply engaged in the BSC ecosystem, and the TVL of the prediction market has consistently ranked in the global top three, making it one of the earliest projects to emerge from this wave of enthusiasm.

The resource allocation also indicates high market expectations for prediction markets. Binance has specifically set up a Launchpool for OPN, allocating 2% of the supply for BNB/USDC staking mining, causing the price to surge more than 30% before the market opened, peaking at $0.57. Binance's endorsement established OPN's market position even before its launch.

With various favorable factors accumulating, Opinion is considered by many as a must-participate project for Season 1 airdrops, leading numerous users to invest real money, hoping to gain considerable returns from this highly favorable project.

However, when the airdrop query page went live, the community's expectation turned into disappointment, which quickly escalated into anger.

The total supply of OPN is 1 billion tokens, and on the surface, the airdrop allocation is as high as 23.5% (235 million tokens), which doesn’t seem low. However, the problem is that only 3.5% (35 million tokens) were actually unlocked on TGE day, with the remaining portion to be released linearly over 7 months. For the vast majority of users who participated in the quantity, the amount they could actually receive was far less than expected.

Meanwhile, a comparison of another set of data caused the community's emotions to collapse completely: the team and advisors held a total of 19.5%, investors held 23%, and the foundation accounted for 12%—insiders held over 54% of the tokens, while all the community users who participated diligently could only receive 3.5% on TGE day.

User returns were disappointing. Many participants publicly shared their scores and earnings. Blogger Sohu (@WEB3_furture) summarized: "Airdrop 3%, about 15 OPN per point, now each point is worth $8.5. Previously, it peaked at $45 per point in the secondary market. It seems everyone got wrecked, and most people's costs are above $10."

HongKongDoll, a seasoned participant in many projects in the crypto space, complained on her Telegram channel about the terms of her KOL round collaboration and the data on points. Although the gains from KOL round collaborations are assured, she invested $50,000 to increase her score; premium accounts had about 500 points each, ultimately getting over 30,000 OPN. Based on the TGE price of $0.5, her return was less than $15,000, and accounting for lock-up returns, she lost a total of $15,000. She bluntly stated, "I really feel like I’ve eaten fly poop."

KOL Ma Ti Juzi (@bitcoinzhang1) pointed out: "Based on Binance's pre-market price, if the airdrop was 5%, each point would be valued at $11; if it was 10%, each point would be valued at $22. And this is just a static valuation, Binance alpha and booster have even cheaper chips to throw around... it seems it’s a collective wreck."

The witch hunt led to a new round of controversy. Beyond the allocation ratio itself, the project team conducted a large-scale inspection of witch accounts and multiple account operations before TGE, causing many points of quantity users to be directly reduced or disqualified. This operation in itself is understandable, but the execution method and timing have made the community dissatisfied: while encouraging high-frequency participation during the data brushing phase, the concentrated inspections only began right before TGE, leading many to interpret it as a "use and discard" strategy, further deepening the impression of "getting wrecked."

Binance's allocation bias became the target of criticism. Compared to the mere 3.5% TGE unlock available to the community, Binance Launchpool directly obtained 2% of the supply, and the marketing part had a TGE unlock ratio as high as 7.7%, with the liquidity portion being fully unlocked at 100%. This comparison led many to conclude directly: "Opinion only gives users airdrops of 3%, while giving Binance a large amount of chips." The community generally views this as a typical "favoring trading platforms and shortchanging the community" distribution method.

On Discord and Twitter, discussions about Opinion are filled with aggressive terms like "scam" and "rug," and the English-speaking community is equally stirred up. KOLs are publicly sharing their loss statements, and negative emotions continue to fester.

It is worth noting that the fundamentals of the project itself are not fundamentally flawed—$25 million in funding, endorsements from Hack VC and Jump Crypto, and a leading position in BSC's prediction market are all objectively existing advantages. However, even the strongest financing lineup cannot compensate for the damage once community trust collapses.

When "welcoming data brushing but getting wrecked after launch" becomes the community consensus, Opinion's biggest challenge may no longer be market cap management but rather how to rebuild basic trust with users.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。