๐จMASSIVE CRASH IN THE MARKET.
Over $3.6 Trillion wiped out in 90 MINUTES.
Gold is down 3.76% and has wiped out nearly $1.34 trillion from its market cap.
Silver has dumped 8.5% and erased $400 billion from its market cap.
The S&P 500 has fallen 1% and erased $620 billion.
Nasdaq crashed more than 1.6% and wiped out $600 billion.
The Crypto market dumped 3% and wiped out $70 billion.
๐ฅ VITALIK WARNS OF A CRYPTO โDOOMSDAYโ SCENARIO
Vitalik Buterin says his greatest fear is if crypto becomes "just speculation with no real applications."
He warns that if people only gamble, โthis industry will die."
To avoid that, he says we must build real value โ true DAOs, dApps with real use, & more open DeFi.
Number of Failed Cryptocurrencies by Year
2021: 2,584 tokens
2022: 213,075 tokens
2023: 245,049 tokens
2024: 1,382,010 tokens
2025: 11,564,909 tokens
What's one project that you think will succeed?
Polygon chain is having its S curve moment on the fees generated.
1. Last 3-4 days every day 1mn POL is getting burned in base fees. To put it in perspective, continued for the whole year, 3.5% of POL's total supply will get burned
2. This makes POL massively deflationary
3. 3.6bn POL is staked and stakers and validators earn a combined rewards of ~1.5% of POL
2026 is the year of $POL resurrection
Wallets on us, fr๐โโ๏ธ
Find us at @token2049, all attendees get a free SafePal X1 hardware wallet each๐
๐ Booth PB4-8, Level 4
โ Check in โ complete simple tasks โwalk away with an open-source Bluetooth hardware wallet
๐จWhile stocks last
๐ซก See you soon