Timeline of the Decline
October 2021
$3777.00
All-Time High - Peak euphoria
December 2021
$1000.00
Carbon credit strategy questioned
January 2022
$100.00
OHM fork collapse affects all forks
Current
$2.00
Post-collapse trading
What Went Wrong
-
Carbon Credit Market Manipulation Claims
Critics argued KlimaDAO was buying low-quality carbon credits and using them to justify unsustainable token rewards.
-
OHM Fork Contagion
When OHM and other rebase tokens collapsed, KlimaDAO fell with them despite its unique carbon credit angle.
-
Sustainability Questions
The economic model couldn't sustain high APYs forever. When confidence broke, sellers overwhelmed buyers.