Not every crypto that trends stays a winner. Some of the
most hyped projects in crypto history have led to massive losses for investors.
Here are a few that made headlines for the wrong reasons:
$LUNA — The UST Collapse
LUNA was once a top-10 coin. But in 2022, its algorithmic
stablecoin UST lost its peg, triggering a death spiral.
Result: LUNA went from $119 to near $0 in days.
A $40B+ wipeout.
$FTM — FTX Fallout
FTT was the native token of the FTX exchange. When FTX filed
for bankruptcy and its fraud scandal broke, FTT plunged from ~$25 to under $1.
A harsh lesson in trusting centralized platforms.
SafeMoon — From Meme to Mess
SafeMoon gained attention in 2021 with promises of passive
income via tokenomics. But over time, it lost over 99% of its value due to
hype, lack of utility, and questionable management.
Other Honorable Mentions
- $HEX — massive drop post-hype
- $AXS — hit hard after play-to-earn bubble burst
- BitConnect (BCC) — one of the biggest crypto Ponzi scams
Key Takeaway
Hype is short-term. Fundamentals and transparency matter
most.
Always DYOR (Do Your Own Research) before jumping into any trending coin.
Want a Part 2? I’ll drop more coins that made & broke
fortunes. Comment “Yes”.
