❓Why Did $LUNC Crash So Hard?
$LUNC (formerly LUNA) was created by Do Kwon and was once a top 10 crypto.
At its peak in 2022, it traded over $100 with a market cap of $40 billion.
But when its stablecoin UST lost its $1 peg, the system printed trillions of LUNA to save it — causing the price to crash nearly 100%.
The supply went from millions to trillions in days, wiping out investor confidence.
Today, LUNC still has a large community, but with 6+ trillion tokens in circulation, recovery remains a huge challenge.
