How fast have you seen the most ferocious big dump?

In ten days, 92 dollars plummeted straight down to 4 dollars. Hundreds of millions just disappeared overnight.

On December 22, 2025, another Ponzi scheme exploded in the crypto world—the once-hyped LAF protocol completely collapsed. Social media is filled with wails; some people have lost their pensions, others have seen their savings wiped out, and those who once boasted about "annual returns of 76 times" in various groups are now nowhere to be found.

But what I want to say is that just a week before this storm hit, I had already exchanged my last bit of LAF for real valuable assets. My friends laughed at me back then, saying I was "too conservative", and now they all regret it.

Actually, this is not about luck; it's just that after stepping into many pitfalls, I finally learned how to see the essence of a project.

The trick of LAF is essentially a pyramid scheme with a blockchain skin: the so-called "staking compound interest" is just robbing Peter to pay Paul, and "multi-level distribution" is blatantly about recruiting people. The smart contracts are unaudited, and the funds are quietly being transferred... This script is identical to that of Plustoken back in the day. Yet every time, there are people who truly believe "this time it's different"; when greed kicks in, common sense completely goes out the window.

In contrast, those real stablecoins have a completely different mechanism. Instead of boasting about the "hundred times dream," they are instead doing solid work with collateral, transparency, and verifiability.

Over-collateralization, on-chain transparency, real-time verification—each aspect is backed by real assets. This is how stablecoins should be.

No temptation is greater than a clear mind.