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Two years ago, Terra's LUNA coin experienced one of the most dramatic price collapses in cryptocurrency history, dropping from $119 to $1. This event significantly impacted the cryptocurrency market, causing major losses for investors and raising concerns about the stability and reliability of the Terra network.

### Key Points of the LUNA Collapse

1. **Price Collapse:** LUNA's value plummeted from its peak of $119 to $1, representing a catastrophic loss in value.

2. **Market Shock:** This event sent shockwaves through the cryptocurrency market, affecting investor confidence and market dynamics.

3. **Causes and Consequences:** The sudden collapse led to intense scrutiny of the Terra ecosystem. Analysts and investors sought to understand the underlying reasons, which included potential issues with the algorithmic stablecoin mechanism, market manipulation, and broader market conditions.

4. **Impact on Terra Ecosystem:** The collapse raised questions about the sustainability and security of the Terra network. It also affected other projects and tokens within the Terra ecosystem, leading to a significant reassessment