☠️FALLEN LEGENDS!

The crypto market is a place where people come to bet on the rise of coins!

There are many coins that, like horses in a race, started the run confidently but fell apart at the last moment!

Here are some that stood out:

1. #TIA

Celestia emerged at the end of 2023 with the idea of modular blockchains.

The price of TIA rose from 2$ to 24$ in three months. Many considered it a new major player!

But – whales began to sell off their coins, updates stopped coming, trust fell, and now it is worth 0.6 USD.

2. #AXS (Axie Infinity)

Axie Infinity allowed earning by playing the game!

The price of the token rose to $165. The ecosystem seemed stable!

But – the number of new players stopped growing, everyone started withdrawing tokens, but there was little demand.

Plus, AXS was hacked, and $600 million was withdrawn. Trust in the project fell as did the price by -90% from the peak.

3. #LUNA (Terra)

LUNA is a coin that was pegged to the algorithmic stablecoin UST,

LUNA itself rose to $120, but at some point, UST lost its peg to USD, which triggered a chain reaction, and the price steadily fell almost to zero!

It's no wonder they say, don't put all your eggs in one basket!