So why was $OM worse than $LUNA?
Because it’s different..
LUNA was a flawed system. It collapsed when demand dried up.
We haven’t seen another like it since.
But here’s why $OM hits harder.
We all know the vast majority of altcoins are scams.
That’s not an opinion. It’s a fact.
And people who ape into them usually know what they’re signing up for.
But when $OM crashed, what did we all say?
“This is crypto, these things happen.”
Fair enough... But that logic only works if we exclude high market cap coins.
Because deep down, we still believe the top 50 have some level of integrity.
$OM was ranked 25th.
Even a top 25 project can dump $5.6B on retail in an hour without warning.
No hacks. No protocol failure. Just pure extraction.
So maybe it’s time we stop pretending market cap means anything.
When even the top 25 can rug, maybe trustless is the only thing worth trusting.
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.