Wildcard, a blockchain gaming project backed by a $46 million investment led by Paradigm, has launched its token generation event (TGE) on Arbitrum. The community has expressed concerns about the project's responsibility and potential 'soft rug' tactics due to market pressures.
The project's initial market cap reached $1.1 million but has since decreased to $809,000, with a liquidity pool of only $209,000. This has led to speculation that the token launch may be facing difficulties in gaining traction.