Keith Grossman Warns Crypto Must Prove Its Value as 100+ Projects Fold in 2026
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On August 10, MoonPay President Keith Grossman warned crypto is undergoing a dot-com-style shakeout, with more than 100 projects shutting down, filing for bankruptcy, or disappearing in 2026. The slump is forcing companies across DeFi, DEX/CEX, token launch and fundraising ecosystems to reassess product-market fit and raises risks to adoption, funding and long-term viability.
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Crypto is now experiencing a dot-com-style shakeout, with more than 100 projects reportedly shutting down, filing for bankruptcy, or disappearing in 2026, MoonPay President Keith Grossman warned on August 10.
According to him, the slump is forcing crypto companies to ask themselves a fundamental question: Are they developing products that people actually need?
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