1️⃣ Terra (LUNA)
Rise: One of the top 10 cryptos by market cap in 2021.
Fall: In May 2022, UST depegged from the dollar, leading to LUNA crashing from over $100 to fractions of a cent.
Reason: Unsustainable algorithmic stablecoin design.
2️⃣ Internet Computer (ICP)
Rise: Launched in May 2021 and quickly hit $700, entering the top 10.
Fall: Currently around $5.
Reason: Poor tokenomics, centralization concerns, and overhype.
3️⃣ BitConnect (BCC)
Rise: Peaked at nearly $470 in late 2017.
Fall: Collapsed after being exposed as a Ponzi scheme; value dropped to near zero.
Reason: Fraudulent lending platform.
4️⃣ SafeMoon
Rise: Viral hype and celebrity backing pushed its price dramatically in 2021.
Fall: Lost over 95% of its value.
Reason: Questionable tokenomics and team controversies.
5️⃣ EOS
Rise: Raised $4 billion in the largest ICO in history (2017-2018).
Fall: Lacks adoption and innovation; currently trades far below its ATH of $22.
Reason: Centralization issues and slow ecosystem growth.
❓ What is the next crypto project that might plunge soon? Comment below. 👇
