🚨 $BTC BEAR MARKET IS EATING ITS OWN — 60+ PROJECTS DEAD BY AUGUST 💣
August just claimed another headstone. The $AI16Z founder announced the token is "completely dead" as the foundation winds down — the latest icon to fall in a purge already taking 60+ projects across L2s, DeFi, wallets, and NFTs this year. Even an 11-year derivatives pioneer is shutting doors by late September. 🔻
The pace accelerated hard in late July, but this isn't 2022's leverage chain reaction — it's starvation. 📉 Projects that raised millions burned through their runway while track hype cooled, and hacks like the $40M Step Finance drain cut the final lifeline for several teams.
The survivors building real economic gravity will write the next chapter. 💡 💬 Which project on your radar still generates real revenue today? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #BearMarket #AI16Z #CryptoPurge #CryptoNews
🐻 🩸
August just claimed another headstone. The $AI16Z founder announced the token is "completely dead" as the foundation winds down — the latest icon to fall in a purge already taking 60+ projects across L2s, DeFi, wallets, and NFTs this year. Even an 11-year derivatives pioneer is shutting doors by late September. 🔻
The pace accelerated hard in late July, but this isn't 2022's leverage chain reaction — it's starvation. 📉 Projects that raised millions burned through their runway while track hype cooled, and hacks like the $40M Step Finance drain cut the final lifeline for several teams.
The survivors building real economic gravity will write the next chapter. 💡 💬 Which project on your radar still generates real revenue today? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #BearMarket #AI16Z #CryptoPurge #CryptoNews
🐻 🩸