Timeline of the Decline
January 2022
$200.00
All-Time High - Peak euphoria
March 2022
$50.00
TOMB begins trading below FTM peg
May 2022
$0.20
Peg permanently lost, protocol abandoned
Current
$0.02
Post-collapse trading
What Went Wrong
-
Algorithmic Peg Failure
TOMB was designed to peg to FTM, but the algorithmic mechanism failed when selling pressure exceeded buying.
-
Fork Explosion
Dozens of TOMB forks on every chain diluted liquidity and attention, undermining the original protocol.
-
Fantom Ecosystem Decline
The broader Fantom ecosystem declined after Andre Cronje's departure, dragging TOMB down with it.