đâš **The Rise and Fall of Luna** đ
Luna was once a shining star in the crypto world, gaining massive popularity and a skyrocketing price. đ It was the native token of the Terra blockchain, which aimed to revolutionize digital payments and stablecoins. đž
But in May 2022, disaster struck. đš Luna and its stablecoin, UST, faced a catastrophic collapse. UST, meant to be pegged to the dollar, lost its value, causing panic. đ± The algorithmic link between Luna and UST couldn't handle the pressure, leading to a death spiral. ⏠Luna's price plummeted from over $80 to fractions of a cent. đ
The collapse wiped out billions of dollars in market value, leaving investors devastated and the crypto community in shock. đȘïž It was a stark reminder of the risks in the volatile world of cryptocurrencies. â ïž
