BlockchainFX BFX Crashes 99% After Presale Token Release With Just $18,800 in ETH Added to Liquidity

BlockchainFX’s BFX token collapsed after presale investors received access to their tokens on September 30, following the completion of its month-long Uniswap auction and the opening of BFX/ETH trading.

The token fell to an all-time low of $0.00003816 minutes after investors began cashing out, a 99.92% loss against its advertised $0.05 launch price.

BFX now trades at $0.0005141, still 99% below that price, giving its 3.5 billion-token supply a fully diluted valuation of $1.8 million.

Despite reporting more than $15 million raised, BlockchainFX opened the second pool with just 7.0272 ETH, worth $18,800, and 321,064.29 BFX. The September 30 liquidity transaction also sent another 7.0272 ETH to the wallet that received the liquidity position. Only half of the 14.0544 ETH transferred from the auction went into the pool.

Just $7,767 in trading volume over five minutes was enough to send BFX crashing. The pool generated $60,000 in its first 24 hours, but now holds just $519 in combined liquidity, with hourly trading volume down to a few hundred dollars.

The opening ETH deposit represented 0.13% of the reported presale raise, leaving very little money available to absorb investor selling.

BlockchainFX Promoted Large Gains While Presale Investors Could Not Sell

BlockchainFX had advertised an August 31 launch at $0.05, implying a $175 million valuation. Instead, it opened two Uniswap auctions and delayed presale claims until the liquidity process was completed.

The first auction ended on September 1. Its pool opened with just 1,591.50 USDC and 5,413.27 BFX, while presale holders remained unable to sell. BlockchainFX subsequently promoted market prices above $4 alongside auction entry prices near $0.05.

The project marketed the second auction as protection against sharp price swings, posting “No launch-day chaos. Just steady liquidity.” Before claims opened, it celebrated BFX trading at $2.37, more than 47 times its advertised launch price. When investors were finally allowed to claim, BlockchainFX asked them to hold rather than sell.

The promoted gains were built in a tiny market without presale selling pressure. Once those tokens became available, that market fell apart.