Into Space Faces Rug Pull Allegations After $20M Presale

Key Highlights:

• Into Space faces backlash from the community members.
• Crypto influencer claims that the project soft rugged its community.
• The influencer also alleges that the team carried out paid promotions for the project.

Into Space is a Solana-based prediction market project that is currently facing a backlash after it disclosed the outcome of its public token sale. According to the team, the project has raised around $20 million where $14 million have been allocated and $6 million have been refunded as of January 21, 2026.

https://t.co/LncmuRIbvB

— Space (@intodotspace) January 20, 2026

However, concerns were raised when some community members raised a red flag when they observed that funds were sent to new wallet addresses instead of the funds being transferred to the original contributors.

The discussion got heated when claims started circulating and linking the project to the UFO Gaming ecosystem, a token that has been widely viewed as having collapsed in value, which made the situation worse.

Analyst Alleges Soft Rug

According to crypto analyst and influencer, Gautam Gupta, the project has soft rugged the community by raising a large amount of money without a live product, while switching narratives from a gaming project (linked to UFO Gaming) to prediction markets.

The community members were also concerned about the fact that the team increased the presale value to $14 million and did not inform anybody. This move raised concerns about transparency within the project. The tweet further states that the project made use of paid influencers and marketing to post about the project and create a hype so that more buyers can be brought in.

⚠️ $SPACE @intodotspace soft rugged the community : proof attached

– space is next trove ?
– $16M scam to the community under the name of presale

1️⃣ Narrative switching:
• Initially positioned as a gaming project (UFO Gaming)
• Later pivoted to prediction markets just to… pic.twitter.com/AIYU55yUnB

— Gautamgg 🕵 (@Gautamguptagg) January 21, 2026

The analyst also flagged an unclear refund update and alleges that about $200,000 were sent to Binance before refunds were completed.

UFO Gaming Shadow Looms Large

Into Space has ties to UFO Gaming, whose token fell from hype to just $1.3 million, which is affecting the trust within the community. Critics ask why the team is leaving that project to start a perpetual prediction market. According to analyst Gautam Gupta, this prediction market is unlikely to survive if it does not deliver any real product first.

Hype Machine Unraveled

The presale focused on polished website, UI/UX, and VC backing, but sudden cap increases and fundraising before a product was ready looked fishy. There has been no official statement from the Into Space team which has raised more concerns.

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