EL7.AI
Crypto•22 July 2026•
1 min read

Rip Cars Raises $21M via MetaDAO ICO on Solana Network

Key Facts

1Rip Cars raised $20.9M in funding commitments on the MetaDAO launchpad on the Solana network.
2The project significantly exceeded its $250K minimum target, utilizing a digital car collectibles concept.

In a move reflecting the continued inflow of liquidity into Solana-based projects, Rip Cars has successfully secured $20.9 million in funding commitments. The capital raise was conducted via the MetaDAO launchpad, leveraging a "gacha" style digital car collectibles concept to attract investors. According to reports, the Initial Coin Offering (ICO) significantly exceeded its minimum target of $250,000, demonstrating robust demand within the Solana ecosystem.

This funding momentum arrives amid growing interest in unique digital assets, where the project's collectible-based nature played a key role in securing substantial capital. Rip Cars' success in locking in these commitments highlights the role of decentralized finance platforms like MetaDAO in facilitating liquidity for Web3 ventures.

Looking ahead, investors are monitoring how these funds will be deployed to develop the digital collectibles platform. On the macroeconomic front, global markets are awaiting the Eurozone CPI data release on July 17, 2026, which may influence general risk appetite in the digital asset space. Traders are also keeping a close watch on upcoming speeches from Federal Reserve officials for signals on monetary policy that could impact crypto market liquidity.