Many Peoples Lost His Life Savings & Investments in Luna - Here is The Story You Need to Read 👇
🔰The price of the Terra (LUNA) 🪙 has fallen by more than 99 per cent, wiping out the fortunes of crypto investors.
🔸Terra, which ranked among the top 10 most valuable cryptocurrencies, dropped below $1 😞on Wednesday,
🔸Having peaked close to $120 last month. Other coins also Appear To Be in Trouble Amid a Market Wide Downturn.
🔰The majority of the losses were realised overnight, with a 98% price fall in the space of just 24 hours.
🔶The dramatic crash meant its market cap dropped from above $40bn to just $500m 😱, resulting in unprecedented losses for investors in a leading cryptocurrency.
🔰“I lost all my life savings,” one member of the r/TerraLuna sub-Reddit wrote. “Had bought Luna at $85, not sure what to do.”
🔶Another wrote that they had lost $15,000 after failing to sell their holdings for a substantial profit when it was trading above $100 last month.
🔰“I should’ve cashed out when it was $100, then I would have been up $25,000,” wrote Reddit user No-Forever. “But I got greedy hoping to get more money so I can at least afford a downpayment for a house for my family. I guess no house and savings then.”
🔰Moderators of the forum, which has more than 44,000 members, pinned a post with helpline numbers to the top of the page after users voiced concern about the consquences of the crash.
🔶 “I lost over $450,000, I cannot pay the bank,” one user member of the forum wrote. “I will lose my home soon. I’ll become homeless.”