The difference is significant,
the collapse of the $OM currency is a frightening scene, but it is a realistic reminder of the level of risk in the market.
Let me clarify the picture for you, there is no need to panic or compare it to the collapse of the $LUNA currency, because the fundamental difference between the two cases is very large.
The $LUNA currency at the time of collapse was linked to $UST, a stablecoin pegged 1:1 with the dollar, and their combined market value exceeded $70 billion — of which about $18 billion represented $UST, meaning real liquidity was entering and exiting the market directly.
Whereas the $OM currency, even at its peak, had a market value of about $7 billion, but its real liquidity does not exceed 10 to 20%, meaning the market actually lost almost only $1 billion — a very small figure when compared to a loss of between $20 to $25 billion in the case of Luna.
The difference is not just in size, but in the type of impact on the market, and the liquidity that was associated with the project,
the impact of the $OM collapse on the market will be limited "if it exists" and cannot be like the bloody Luna scenario.
#OM #LUNC✅ NA