I think investing in Shiba Inu at this time would be a good profit.
Because the Shiba Inu looks like it will go up if you look at the weekly or daily chart. Shiba Inu and Bonk tokens are priced side by side, now it appears that Inu has a much lower value. #bonk #shiba⚡ #pepe
$LUNC Luna  Ready to  The #LUNC, #USTC, and #LUNA community is awaiting the outcome of TERRA v. SEC. A decision will be made in the case. We understand this from Chris Amani's statements. After the decision of the case, the road map for these 3 coins will become clear... The fate of the funds held by the LUNA Foundation is very important. We understand that the reason these funds are being transferred to a secure wallet is because of the lawsuit. It is significant that this move is being made after the discussions held at the hearings.  Let's see what will happen. $LUNC $USTC $LUNA
$USTC Terra fomo will start as soon as posible and #lunc will reach in all Time high in 2024 0.0013 to 0.005$ and $luna to 9.12$ to 14$ and #ustc 0.2$ then 0.8$ then peg to 1$  this is start from the news of
@stablekwon
and getting released this will b a Xxx free money  -Do kwon _
$USTC It can happen at any time. $LUNC will explode and melt faces.  #Binance burns #LunaClassic every month and it’s not for marketing.  Send #LUNC to the moon!  #Crypto #LuncBurn
$USTC The Terra #LuncCommunity is voting on reactivating interblockchain communication (#IBC) with the #Osmosis protocol. If Proposal 12104 is approved, it could boost liquidity for $LUNC and $USTC and potentially spark a price rally. 🚀
2 Years Ago Today: Terra (LUNA) Lost 99.999% of Its Value — a Reminder of Risks Associated With A...
Today is considered one of the darkest days in the history of the crypto assets market. Terra’s LUNA cryptocurrency started to collapse in the second week of May 2022, but by 15 May 2022, the coin had shed a whopping 99.999% of its value, going from $100 just a week prior to less than $0.002 by the end of the day.
Here is what happened in that eventful week:
Image Source: TradingView
The father of all dumps in the crypto market’s history left tens of thousands of investors holding bags of worthless LUNA tokens. Overall, investors are said to have lost more than $7 billion on this coin.
Why did LUNA Collapse?
LUNA’s value was set up in such a way that Terra’s algorithmic stablecoin US Terra (UST)’s fluctuations would be handled by LUNA’s liquidity. In hindsight, it was an absurd model that something as fluctuating as a cryptocurrency with no use case could make a stablecoin “stable”. UST, too, had nothing backing it.
Once UST lost 40% of its value, LUNA nosedived and has yet to recover from it. Some bear market traders were able to make some money from the wild fluctuations of LUNA (now LUNC), but that was it. There were reports of investors losing hundreds of thousands of dollars and their entire life savings on the digital token. It wasn’t a pleasant sight.
What Happened to Terra’s Founder?
Do Kwon, the Korean founder of the Terra project, fled and remained a fugitive for many months before he was finally caught in Montenegro’s international airport, and an extradition battle began. Both South Korea and the United States wanted him on their soil so he could answer for his financial crimes. Eventually, it was decided that he would be sent to the East Asian country, and he is facing a lengthy period behind bars.
Before he was arrested, Do Kwon attempted to conjure up a face-saving for the token project and launched another crypto to compensate the affected people. The resulting coin was also called LUNA, while the previous one was rechristened LUNC. But nothing saved the doomed coin, and both are pretty worthless now.
The Aftermath
The LUNA fiasco highlighted the fragility of the altcoin market. While Bitcoin has remained relatively stable most of the time, altcoins have been a mixed bag overall, with many coins failing. LUNA was overshadowed the same year by an even bigger fraud in the form of the FTX exchange scandal. Do Kwon and former FTX CEO Sam Bankman-Fried remain public enemies no.1 and 2 in crypto circles.
The episode reminds investors to be careful when investing in risky endeavors like many altcoins.
PayPal's Stablecoin PYUSD Sees Significant Increase in Circulation
According to Foresight News, recent on-chain data reveals that PayPal's stablecoin, PayPal USD (PYUSD), has seen a significant increase in its total circulation. In the past 24 hours, approximately 100 million additional coins have been issued, bringing the total circulation to around 302 million. The data also shows that the total number of on-chain holders is 7,656, with the number of on-chain transactions standing at 85,177. This surge in circulation and transactions indicates a growing interest and trust in PYUSD among the crypto community.
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