@askrafiki's thread

3/4 🧵 Market reaction was exactly what you’d expect — savage. Reports say H collapsed between roughly 73% and 90%, depending on the measurement window and venue, which tells you confidence didn’t just crack, it vaporized. For a blockchain identity project, that’s extra nasty because the whole pitch is trust infrastructure. If your identity layer can’t protect its own admin keys, the branding starts to look like satire. Decrypt and Invezz both frame the collapse as a confidence crisis, not just a temporary price dip.