CLEAR Token Crashes 48% as Everclear Shuts Down Protocol, Foundation and Labs!

CLEAR, the native token of cross-chain settlement protocol Everclear, plunged 48% after the project announced it is winding down its protocol, foundation, and labs unit simultaneously — a full organisational shutdown rather than a partial restructuring.

Everclear, formerly known as Connext, had positioned itself as infrastructure for cross-chain liquidity routing and settlement. The simultaneous closure of all three entities leaves token holders with no active development team, no governing foundation, and no operational protocol — the trifecta that typically signals a terminal outcome for a project's market value.

The collapse adds to a growing list of cross-chain interoperability projects that have struggled to achieve sustainable revenue against the cost of maintaining secure bridge infrastructure. For holders, the 48% single-session drop likely understates the structural loss if…