Top June 2025 Token Sales (Perena, Enso, Hana, Pipe, Arcium)

Perena (SOL) Echo Launchpad Sale

Perena is a Solana-based stablecoin infrastructure project. It recently wrapped up a $3 M pre-seed round in Dec 2024 (led by Borderless and including Binance Labs/Vinci Capital, Maelstrom, etc.). Its public sale is scheduled for June 23 on Echo’s new Sonar launchpad. This is part of Perena’s “Petals” incentive program for stablecoin liquidity.

Exact token pricing and unlock details are not yet public, but the sale is expected to distribute tokens on Solana. The heavy VC backing (Yzi Labs/Anagram/Borderless, etc.) and on-chain farming program suggest strong community buzz. As a Solana infra project, Perena’s sale on an emerging launchpad like Echo’s Sonar highlights the trend of new chains enabling public sales.

Enso (ENSO) CoinList Sale Concludes with $9.2M Raised

Enso is an AI-powered blockchain infrastructure project. Its CoinList public sale ran from early May through June 26, raising about $9.2 million.

Notably, Enso offered 100% of sold tokens unlocked at TGE, a feature that encourages immediate trading. The project is backed by top investors (Lead: Polychain Capital), and its sale on CoinList attracted strong demand.

Enso raised $9.20 M total, with all purchased tokens available instantly at launch. This no-lockup approach (also seen in Hana’s sale) suggests Enso aimed to kickstart liquidity and network use right away. The fully unlocked distribution and VC support underscore investor confidence in Enso’s DeFi infrastructure.

Hana Network (HANA) TGE Sale (100% Unlocked)

Hana Network conducted its “TGE Early Access Sale” from June 17 to June 24 on its own platform. The terms were announced on June 17: 1 billion total HANA, priced at $0.04 per token (implying a $40 M FDV), targeting a $2 M raise.

The sale was first-come, first-served and accepted USDT/USDC across Ethereum, BSC, and Arbitrum. Critically, 100% of sold HANA tokens unlocked at TGE, matching Enso’s unlock policy. The sale details (FDV $40 M, $0.04 price) are confirmed by the official Medium announcement.

This high FDV and full token unlock signal that Hana is leaning on broad community participation rather than long vesting. With full immediate liquidity, Hana’s approach was similar to recent Web3 IDOs that sought to build momentum.

Pipe Network (PIPE) CoinList Sale on June 26

Pipe Network (a Solana-based decentralized CDN) launched its CoinList sale on June 26 (17:00 UTC) running through July 3. It offered 30 M PIPE tokens (3% of supply) and raised about $10 M.

There were two purchase tiers: Option 1 at $0.25 per token (non-US only) and Option 2 at $0.20 (US & non-US, accredited only). These correspond to FDVs of $250 M and $200 M respectively, with Option 1 tokens 100% unlocked at TGE and Option 2 unlocked after 1 year.

Notable backers include Multicoin Capital, Solana Ventures, Robot Ventures, and others. In other words, Pipe’s sale structure was almost identical to Enso’s and Hana’s: high FDV, partial unlock for US investors. The full raise (~$10 M) matches the sale of 30 M at $0.33 average price, roughly in line with announced terms.

Pipe’s promotional materials emphasized community ownership: this was the first $PIPE issuance open to the public, converting users into stakeholders ahead of its fall mainnet TGE. (In fact, the official Pipe blog noted the sale oversubscription potential but ensured equal chance for any participant). The sale’s oversubscription and backing by major crypto VCs highlight strong interest in decentralized content delivery.

Arcium (ARX) Upcoming Legion Launchpad Sale

Arcium (formerly Elusiv) is a blockchain for confidential computation. It has raised about $14 M to date (≈$10 M via private rounds, $4 M public).

The project recently rebranded to Arcium and is gearing up for its public ARX token sale. The sale will occur on the Legion launchpad (a decentralized offering platform). Exact dates and pricing remain unannounced, but Legion’s involvement signals a DePIN/ecosystem orientation. According to reports, Arcium’s sale is “upcoming” with all details pending.

Even without published terms, Arcium’s $14 M war chest and institutional backers (Fedor Holz, Jordi Alexander, etc.) mark it as a sale to watch. The use of Legion (rather than a major CEX launchpad) suggests a more exclusive, perhaps invite-only process. Overall, Arcium’s fundraising to date and planned Legion sale round it out as a late June project, contrasting with the completed sales above.

Key Takeaways

Solana Infrastructure Sales

Perena and Pipe leveraged Solana networks and modern launchpads (Echo’s Sonar, CoinList) to access crypto liquidity. Each sale drew top VCs (Binance Labs/YZi in Perena; Multicoin in Pipe).

100% Unlock Trend

Both Enso and Hana offered fully unlocked token sales, a strategy to bootstrap trading and network effects, rather than locking up investor tokens.

High FDVs & Tiered Pricing

Pipe’s sale used dual FDVs ($250M/$200M) and lock-up tiers, balancing non-US vs. US investors – a model echoing other CoinList offerings this year.

Community Over Programs

All highlighted projects combined tech appeals with community incentives (e.g. Hana’s referral bonus, Perena’s Petals farming). Each sale generated buzz via social channels and official announcements.

Next Up

With Arcium’s Legion sale pending and Pipe’s sale ending early July, June’s token sale wave is just closing. Market watchers should track post-sale trading volumes and token listing performance for these projects.

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