See original
LIVE
Mohammed Ib
--
🔥🔥 Why did LUNC drop from $119 to $0.00001 in one day? 😱
In 2022, Luna Classic (LUNC) experienced one of the most catastrophic crashes in crypto history. Here’s what happened:
👀 Terra Ecosystem Collapse:
Algorithmic stablecoin UST has lost its peg to the US dollar, triggering a death spiral.
💥 Massive sell-offs, hyperinflation, and loss of investor confidence caused LUNC to drop from $119 to $0.00001 in just a few days.
👀 Terra Ecosystem Collapse:
Algorithmic stablecoin UST has lost its peg to the US dollar, triggering a death spiral.
💥 Massive sell-offs, hyperinflation, and loss of investor confidence caused LUNC to drop from $119 to $0.00001 in just a few days.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
178
0
Replies 0