Arguably, every investor’s worse nightmare is seeing one of their investment holding’s price drop to zero.
Unfortunately, this nightmare became a reality for the holders of Iron Finance’s Titanium Token (TITAN) cryptocurrency.
Source: CoinGecko
In just one day, TITAN fell from its all-time high price of US$64.04 on Wednesday (16 Jun 2021) to almost zero (US$0.00000105) on Thursday (17 Jun 2021).
That is an almost 100% decrease in the value of the TITAN token.
This collapse is even starker when you consider that the total value locked into the Iron Finance Decentralised Finance (DeFi) protocol was about US$2.18 billion on Tuesday (15 Jun 2021).
And at the time of writing, the total value locked has crashed to a mere US$29 million.
Titan is currently trading at US$0.000000033625 (via CoinGecko) at the time of writing....