CoinMeta data: The Serpin token was only launched on Coinbase after TGE. An analyst on the blockchain, Specter, posted on the X platform that Serpin issued tokens for a project that originally did not require them, and this early issuance was contrary to previous statements where it was claimed that no tokens would be issued. The project remained inactive during TGE; the tokens were only launched on Coinbase with low liquidity, and they were not listed on exchanges such as MEXC or KuCoin. Specter indicates that participants have to go through a lengthy verification process to retrieve 85% of their funds, and they question why the project team does not refund the full amount to participants due to their own decisions and mistakes. The project was originally scheduled to launch in TGE but faced delays thereafter.