The rise and fall of Internet Computer: How ICP imploded

Internet Computer is a major blockchain project valued at over $1 billion.
ICP’s token has slumped by over 95% from its all-time high.
Its ecosystem is a bit weak to justify a billion-dollar valuation.
Internet Computer has had a spectacular fall from grace in less than two years. ICP, its token, has crashed by more than 98% from its all-time high. Its total market cap has plunged from over $100 billion in May 2021 to about $1 billion. So, what went wrong?
What is Internet Computer?
Intern