GIGA's journey from 800M+ mcap to under 40M is a stark reminder of how quickly momentum can reverse. Throughout 2024, the token was on a roll—printing higher closes month after month. Then came the collapse. From steady uptrend to freefall. It raises a hard question: what went wrong with the original thesis? Projects that burn through all their hype don't always recover, and GIGA's dramatic drawdown tells you something fundamental shifted in either the market's appetite or the project's fundamentals. Whether it was execution issues, market cycle fatigue, or shifting sentiment remains unclear, but the data doesn't lie—this wasn't just a minor pullback.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
3
Repost
Share
Comment
0/400
TradingNightmare
· 4h ago
From 800M to 40M? This is the crypto world, it rises fast and falls even faster.
View OriginalReply0
fomo_fighter
· 4h ago
Falling from 800M to 40M, this is the true portrayal of the crypto world.
View OriginalReply0
LiquidationWizard
· 4h ago
800M fall to 40M, this is the crypto world, from myth to joke so quickly.
GIGA's journey from 800M+ mcap to under 40M is a stark reminder of how quickly momentum can reverse. Throughout 2024, the token was on a roll—printing higher closes month after month. Then came the collapse. From steady uptrend to freefall. It raises a hard question: what went wrong with the original thesis? Projects that burn through all their hype don't always recover, and GIGA's dramatic drawdown tells you something fundamental shifted in either the market's appetite or the project's fundamentals. Whether it was execution issues, market cycle fatigue, or shifting sentiment remains unclear, but the data doesn't lie—this wasn't just a minor pullback.