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š„š„ Why did LUNC fall from $119 to $0.00001 in one day? š±
$LUNC The dramatic fall of LUNC (Terra Classic) from $119 to $0.00001 in one day was a shocking event that caused a stir in the cryptocurrency market.
Here are the key factors that contributed to this catastrophic accident:
1. Stablecoin de-pinning: Terraās 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.
Here are the key factors that contributed to this catastrophic accident:
1. Stablecoin de-pinning: Terraās 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.
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