Charted: Your token when your founder is busted

Decentralized Social (or DeSo) is the current project of Nader Al-Naji. It's a custom-built blockchain made for running a social network.

The latest: The value of its coin tanked yesterday, falling about 30%, on the news that its founder had been charged with wire fraud.

• In a press release from April, the company behind it said it had 130,000 active users and 2 million accounts.
• Its website is one of the weirdest, most involved scrolls you'll see online.

Zoom out: The blockchain world is both obsessed with Twitter (yes, it still is) and dying to usurp it with something less centralized, but none of its efforts to date (see also: Lens, Nostr, Farcaster, Hive and others) have hit escape velocity.