What happened to **LUNA**? A cryptocurrency that once soared to $119 per coin plummeted to a mere **$0.00001** in just **ONE day**! 😱
**Why did LUNA crash?** Here's the shocking truth:
1. **UST Depeg**: TerraUSD (UST), an algorithmic stablecoin, lost its peg to the dollar. The chaos that followed triggered massive sell-offs in both UST and LUNA. A domino effect that couldn’t be stopped.
2. **Liquidity Crisis**: Terra was facing a *severe liquidity shortage*, meaning there was no way for investors to escape. As more panic set in, LUNA's value continued to *dissolve*.
3. **Market Panic**: The catastrophic depeg sent shockwaves through the market. Panic selling took over, dragging the price into a freefall.
From **$119** to **$0.00001**—in a SINGLE DAY! Is this the end of LUNA, or is there a way back? 🚨
