What is an example of the Law of singularity?

Could you please elaborate with an example on the Law of Singularity? I've heard it mentioned in relation to cryptocurrency and finance, but I'm not quite sure how it applies in practical scenarios. Could you perhaps explain it with a real-world instance, maybe something related to the rise of a particular cryptocurrency or a significant event in the financial world? I'm curious to understand how this law manifests itself and how it can impact the overall landscape of crypto and finance.