🌚➡️💀 MOON TO DEAD COIN | Project Review 25: $TITAN
Do you know? 👀
$TITAN (Iron Finance) went from $65 to $0.000000035 in ONE DAY, the "world's first large-scale crypto bank run." It vaporized ~$2B, burned billionaire Mark Cuban, and ran the EXACT death spiral that killed LUNA… 11 months BEFORE LUNA. 😳
The Setup:
▶️ NO ICO, NO VC round, pure DeFi yield-farming launch on Polygon (May 2021)
▶️ Ran a PARTIALLY-collateralized "stablecoin," IRON, soft-pegged to $1
▶️ IRON was backed ~75% $USDC + ~25% TITAN (its own volatile token)
▶️ Insane farm rewards: ~500% APR on IRON/USDC, ~1,700% APR on TITAN/MATIC
The reflexive trap (this is the wild part 👇):
➡️ Mint IRON → demand for TITAN goes UP → TITAN price pumps → more farming → repeat
➡️ TVL exploded from $30M (May 20) → $2B+ (June 12)
➡️ TITAN ripped from ~$10 → ATH ~$64.19 in a single week
➡️ Then Mark Cuban blogged about it → retail piled in at the TOP
Iron Finance Investors/Backers:
No traditional VCs but Mark Cuban publicly promoted it \u0026 provided liquidity (
