Flow’s Struggles Continue After the NFT Boom

[johnblockbuster]

Developed by Dapper Labs, Flow rose to prominence during the NFT boom of 2020–2021, powered by early successes like NBA Top Shot. The network’s native token, FLOW, surged past $40 at its peak and helped attract more than $700 million in funding from major investors.

As NFT activity cooled, Flow’s momentum faded, and the Dec. 27 exploit accelerated the decline. FLOW fell roughly 40% within hours of the incident, later dropping to lows near $0.075 before stabilizing around $0.10, highlighting the challenges facing NFT-focused blockchains in a post-hype market.

[lingriiddd]

going from $40 to ten cents is a reminder of how fast narratives die in crypto