Rebase Token Carnage: OHM, TIME, KLIMA Down More Than 98% From All-Time Highs

About 4 months ago, 4 of the apical rebase tokens by marketplace valuation were worthy adjacent to $8 cardinal successful USD worth and today, the full batch of rebase tokens collectively are valued astatine $1.14 billion. The largest rebase crypto by marketplace capitalization, olympus (OHM), had a $4.3 cardinal marketplace valuation past November, but aft shedding 98.1% successful USD value, OHM’s marketplace capitalization is present $438 million.

Over $7 Billion Exited the Rebase Token Economy During the Last Four Months

During the archetypal week of November, Bitcoin.com News reported connected the olympus (OHM) rebase token and however the algorithmic reserve-backed crypto plus worked. Three weeks later, OHM’s wide marketplace capitalization tapped an all-time precocious (ATH) astatine $4.35 cardinal connected November 23. OHM already recorded an all-time terms precocious months earlier successful April, erstwhile it reached a precocious of $1,415 per coin connected the 25th. Since that day, olympus (OHM) has shed 98.1% successful worth against the U.S. dollar.

OHM/USDT two-hour illustration connected April 16, 2022.

OHM sparked a slew of Olympus forks and the Avalanche-based reserve currency protocol called wonderland (TIME) saw its marketplace capitalization leap implicit $2 cardinal 3 days earlier OHM’s marketplace headdress ATH. While TIME’s marketplace headdress reached an ATH connected November 21, the plus itself saw a terms precocious connected November 7, 2021, erstwhile it tapped $10,063 per portion 5 months ago. Since November 7, TIME has mislaid 98.8% successful worth against the U.S. dollar. The rebase token redacted cartel (BTRFLY) has dropped 93.6% successful worth and klima dao (KLIMA) is down 99.5%.

At 1 time, the aggregate marketplace capitalizations of OHM, TIME, BTRFLY, and KLIMA was astir $7.885 cardinal and today, the dozens upon dozens of rebase coins are worthy $1.14 billion. In much caller times, a slew of rebase tokens saw double-digit gains, successful presumption of two-week standings. 14-day information shows the rebase coins midasdao (CROWN), dollars (USDX), spartacus (SPA), euphoria (WAGMI), and templedao (TEMPLE) person seen prices summation by treble digits against the U.S. dollar.

While OHM is 98.1% little than it was successful November, there’s inactive astir $5.3 cardinal successful planetary trading measurement and $24.71 cardinal full worth locked (TVL) successful presumption of staking. Wonderland users are staking $638.76 cardinal today, but TIME has lone seen $630,447 successful 24-hour planetary commercialized volume. TVL metrics, and the aggregate planetary commercialized measurement for rebase tokens, successful general, person besides dropped considerably implicit the past 4 months.

What bash you deliberation astir the marketplace show of rebase tokens similar olympus, wonderland, redacted cartel, and klimadao implicit the past 4 months? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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