See original
LIVE
blogtienso
--
Why Did LUNC Collapse from $119 to $0.00001 in Just One Day?
The dramatic collapse of LUNC (Terra Classic) from $119 to $0.00001 in just one day is a shocking event that sent shockwaves through the cryptocurrency market.
Below are the key factors that contributed to this catastrophic collapse:
1. Loss of Stablecoin Peg: Terra's algorithmic stablecoin, UST, lost its peg to the US dollar. This triggered a massive sell-off as investors lost confidence in the stability of UST.
Below are the key factors that contributed to this catastrophic collapse:
1. Loss of Stablecoin Peg: Terra's algorithmic stablecoin, UST, lost its peg to the US dollar. This triggered a massive sell-off as investors lost confidence in the stability of UST.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Replies 0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
