Ether Machine really took a hard hit with its $1.5 billion SPAC deal that completely collapsed. It's crazy how the market can change in just a few months. The atmosphere was completely different when they launched the project, but now with the current conditions, it's become impossible to realize.



What’s interesting is to see how even billion-dollar deals can fall apart when market conditions turn unfavorable. Ether Machine is definitely not the first to face this kind of situation. The crypto sector has really shown its limits lately.

I wonder if other projects will also see their SPAC deals fall through. It's a good reminder that even with a billion on the table, nothing is guaranteed in this space.
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