$MOMMY is adapted from the $Luna incident, and the story itself carries a strong buzz and has significant topicality.

"Behind $MOMMY: Korean Capital Layout Hidden in the Movie (1)"
On January 15, 2025, the Korean film industry will release a blockbuster movie based on the Luna incident - "CrytoMan", which is like a stone thrown into a calm lake, stirring up a thousand waves. This film carries countless attention and expectations, and its release will surely cause an uproar in Korea and the entire cryptocurrency circle.

Looking back at the Luna incident: prosperity and fall

Before May 2022, $LUNA was a shining star project in the crypto market. Its price soared nearly a thousand times in just two years, and its market value once exceeded the peak of US$41 billion, ranking among the top five in the global crypto market. However, the situation suddenly changed. In just one week, it quickly fell from its glorious peak to the bottom, and its price plummeted from nearly US$90 to US$0.00005, almost to zero, causing many investors to lose all their money and go bankrupt.

#LUNA's plunge was like a fuse of a financial storm, which quickly ignited the downward trend of the entire crypto market. The total market value of cryptocurrencies shrank sharply by $600 billion in just 6 days, and a large number of well-known institutions fell into bankruptcy. The impact of the crypto crisis caused by the collapse of LNUA was so great that it was even compared with the financial crisis triggered by the bankruptcy of Lehman Brothers in 2008. According to the "Korea Economy", complaints and complaints about the failure of LUNA investment can be seen everywhere in various investment forums in South Korea. Korean media reported that as LUNA's value "returned to zero" overnight, many Korean investors suffered heavy losses, their psychological defenses collapsed, and there were even reports that some people threatened to commit suicide. Do Kwon, the founder of Terra, LUNA, and UST, was once respected as the "Korean Musk", but now he has become the "biggest scammer in history" in the eyes of everyone. Many investors have jointly filed a lawsuit against him in an attempt to seek justice.

The LUNA incident was like a sudden catastrophe in the cryptocurrency circle. Billions of dollars of wealth were wiped out in an instant, but the founder Do Kwon never spoke out about how to clean up the mess, causing hundreds of thousands of investors around the world to still be trapped in the dilemma of defending their rights and unable to seek compensation. (To be continued)
#MOMMY #Moodeng #KEKIUS #Marvin