Solana Launchpad Ozone Oversubscribed 43x in $85M AI Agents Token Sale

Ozone, a Solana-based token launchpad backed by Helius and a handful of Solana-native investors, closed its largest sale to date on Thursday, an $85 million fixed-allocation raise for a project called Prism Agents that was oversubscribed by a factor of 43. The allocation attracted 146,000 participating wallets, of which 3,402 ultimately received tokens in the lottery-style distribution.

What Prism Agents is

Prism is an AI agents coordination framework whose stated goal is to allow individual users to deploy on-chain agents that can transact, compose DeFi positions, and communicate with other agents via a shared messaging layer. The team is four people, three of whom have previously shipped products at Jito and Phantom. The fourth is an AI researcher previously at Anthropic.

The token mechanics

The PRISM token is, on paper, a utility token. It pays for agent compute time, stakes against an agent's reputation, and is burned during specific types of cross-agent interactions. The total supply is 1 billion, with 25% allocated to the sale, 20% to the team (with a four-year linear vest), 15% to investors, 15% to a foundation treasury, and 25% to an ecosystem emissions program that runs over 10 years.

"If we wanted to do a pure governance token we would not have launched a token. The PRISM token is the unit of account inside the network, or it is nothing." — Anatoly Yakovenko, commenting on the launch (Yakovenko is not directly involved in Prism)

The controversy

Ozone's sale format has drawn criticism from other Solana ecosystem participants, primarily over the lottery structure, which means that most of the participating wallets received no allocation. Several commentators have argued that the format resembles an incentivized user acquisition campaign more than it does a genuine capital raise. Ozone has defended the mechanism as the fairest available way to distribute a fixed allocation across a large participating base.

• 146,000 participating wallets
• 3,402 wallets received tokens
• Median allocation: $24,500
• Maximum allocation: $49,900

The broader question hanging over the sale is whether the $85 million raise, sold into a market this hot, implies a valuation that the project can grow into. The fully diluted valuation at the sale price is approximately $3.4 billion. That number is large. It is also not, by 2026 standards, an outlier.

PRISM begins trading Friday across most major venues. The opening price action will be the only verdict that matters for the median participant.