Why the Most Successful DAOs Fail? 5 Untold Reasons Behind NEM’s Wild Price Swing

The Price Isn’t the Problem

NEM hit $0.0037—then dropped 27% in hours. To investors, it looks like a crash. To me? It looks like a funeral.

This isn’t volatility.

It’s governance rot.

Every candle on the chart is a vote that didn’t pass.

The DAO That Forgot Its Soul

We built this on Ethereum.

But NEM runs on its own chain—no multisig, no treasury committee, just an anonymous GitHub repo and a Discord server where ‘trust’ is auto-approved.

When your wallet votes, who speaks?

When your private key holds power… who decides?

Code Has No Temperature Without People

I grew up speaking Hebrew and English—taught to question authority.

In Web3, we pretend decentralization means freedom. But when voting power concentrates in whales, it becomes control by another name: capitalism with gas fees.

NEM didn’t fail because of tech. It failed because no one showed up to defend it.

The Real Swap Rate Is Trust

The 32.67% turnover? Not liquidity—it’s abandonment. Traders aren’t trading tokens—they’re fleeing a system that forgot its soul. A DAO isn’t a contract—it’s a covenant between strangers who never met. And when the last voter leaves… it becomes an NFT of silence.