The anticipation surrounding the hong kong web3 ai and rwa summit contributed to a significant surge in global crypto prices, particularly those linked to rwa. this was evidenced by bitcoin reaching an all-time high market cap level and numerous tokens increasing substantially within various chains due to substantial capital influx driven by massive investments.
however, just as quickly as it rose; in less than 24 hrs, there has been a sudden decline of approx. -21% in both tvl across multiple blockchains
.
the main reason appears to be sensational online media posts raising concern that despite the massive enthusiasm caused over past months regarding predicted higher tvl levels for rwas etc., no followers have actually conducted detailed technical analysis related taskmaster contracts and account staking


### read more: source : metaera news