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FLOW this project has collapsed.
Old players still remember that this project raised 8-10 billion USD back in the day, second only to EOS, and was on par with Near. After launching on a major exchange, it soared to nearly $35, early public offering participants made hundreds of times profit, which was truly a life-changing investment for many.
But now? The price has fallen 350 times from its peak, and there was a 50% flash crash in a single day, almost wiping it out. What exactly happened? Rumor has it that the project team has been silent for two months, and the team has basically halted operations.
A once dazzling project has just come to an end like this. It sounds a bit heartbreaking, but this incident actually repeatedly reminds us of one thing — in this market, no matter how glorious the past was, it doesn't matter. Whether the narrative can be sustained and whether the team can truly persist is the real line between life and death.
As we see the year nearing its end, the long-awaited copycat season has still not arrived, and most projects are still met with market indifference. In such an environment, what can past achievements guarantee? Nothing at all.