Yi Xi Bullish
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Medvedje
The Untold Story of the Biggest Crypto Collapse – Terra (LUNA) 🚨
Imagine waking up to find $40 billion wiped out in just 24 hours. That’s the story of Terra (LUNA)—a crypto project once worth billions, now infamous for its catastrophic fall.
In this thread, we unravel the shocking details of how Terra’s ambitious algorithmic stablecoin, UST, turned into a financial black hole.
👇 What Went Wrong? 👇
1️⃣ Terra’s UST wasn’t like your regular stablecoins. It relied on algorithms, not reserves, to maintain its $1 peg. But when pressure hit, the system collapsed, triggering a death spiral.
2️⃣ High-risk rewards: Platforms like Anchor Protocol offered up to 20% APY on UST deposits. But when cracks began to show, panic withdrawals caused chaos.
3️⃣ In just days, UST lost its peg, LUNA’s supply skyrocketed to trillions, and its price plunged from $80 to nearly $0. Exchanges delisted it, and investors were left in ruins.
🔍 The Aftermath
Terra’s founder, Do Kwon, became one of the most wanted figures in crypto.
Global regulators began scrutinizing DeFi and algorithmic stablecoins.
Investors learned the hard way about too-good-to-be-true yields.
⚠️ Lessons for Binance Users ⚠️
1️⃣ Understand the risks behind every investment.
2️⃣ Avoid chasing unsustainable yields—if it’s too good to be true, it probably is.
3️⃣ Diversify and never invest more than you can afford to lose.
💡 Crypto is a wild ride, but with the right knowledge, you can navigate safely.
$LUNA
#BTCMiningPeak #JanuaryTokenUnlocks #btc2025 #CryptoETFMania
Imagine waking up to find $40 billion wiped out in just 24 hours. That’s the story of Terra (LUNA)—a crypto project once worth billions, now infamous for its catastrophic fall.
In this thread, we unravel the shocking details of how Terra’s ambitious algorithmic stablecoin, UST, turned into a financial black hole.
👇 What Went Wrong? 👇
1️⃣ Terra’s UST wasn’t like your regular stablecoins. It relied on algorithms, not reserves, to maintain its $1 peg. But when pressure hit, the system collapsed, triggering a death spiral.
2️⃣ High-risk rewards: Platforms like Anchor Protocol offered up to 20% APY on UST deposits. But when cracks began to show, panic withdrawals caused chaos.
3️⃣ In just days, UST lost its peg, LUNA’s supply skyrocketed to trillions, and its price plunged from $80 to nearly $0. Exchanges delisted it, and investors were left in ruins.
🔍 The Aftermath
Terra’s founder, Do Kwon, became one of the most wanted figures in crypto.
Global regulators began scrutinizing DeFi and algorithmic stablecoins.
Investors learned the hard way about too-good-to-be-true yields.
⚠️ Lessons for Binance Users ⚠️
1️⃣ Understand the risks behind every investment.
2️⃣ Avoid chasing unsustainable yields—if it’s too good to be true, it probably is.
3️⃣ Diversify and never invest more than you can afford to lose.
💡 Crypto is a wild ride, but with the right knowledge, you can navigate safely.
$LUNA
#BTCMiningPeak #JanuaryTokenUnlocks #btc2025 #CryptoETFMania
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