One of the biggest scam 🚨
LUNA
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1)The Terra (LUNA) collapse stands as one of the biggest disasters in crypto history. Once a top project with billions in market value, Terra's downfall sent shockwaves across the industry, wiping out fortunes and shattering trust.
2)In May 2022, UST began to lose its $1 peg after significant withdrawals from Anchor, a DeFi platform that was crucial to Terra’s ecosystem.
Anchor offered a high annual yield of nearly 20% on UST deposits, attracting a huge portion of UST—over 70% of the total supply.
This makes us realise why learning about the background and supporters of coin is important