Those are some significant examples of cryptocurrency failures. Let's break down what happened to each of them ¹:

- *Terra (LUNA)*: Collapsed in May 2022 due to the loss of peg for its stablecoin, TerraUSD (UST). This resulted in a staggering loss of over $40 billion in market value. The incident highlights the importance of stablecoin stability and robust economic design.

- *FTX Token (FTT)*: Plummeted after the collapse of FTX exchange in November 2022. FTT's price dropped from around $25 to under $2, showcasing the risks associated with exchange tokens and the impact of regulatory issues.

- *Celsius (CEL)*: Lost value after Celsius Network froze withdrawals and filed for bankruptcy in June 2022. This incident emphasizes the risks of lending platforms and the importance of prudent financial management.

- *Voyager Token (VGX)*: Lost value after Voyager Digital filed for bankruptcy in July 2022. This example highlights the risks associated with brokerage firms and the need for robust financial planning.

- *BlockFi (BFI)*: Lost value after BlockFi froze withdrawals and filed for bankruptcy in November 2022. This incident demonstrates the risks of lending platforms and the importance of effective risk management.

When investing in cryptocurrencies, it's essential to:

- *Do your own research*: Understand the project's fundamentals, risks, and potential.

- *Assess risk tolerance*: Consider your financial situation and risk appetite.

- *Diversify*: Spread investments across different asset classes to minimize risk.

- *Stay informed*: Keep up-to-date with market trends, regulatory changes, and project developments.

Some key statistics to keep in mind:

- The global cryptocurrency market cap is around $3.41 trillion, with Bitcoin dominating at 60.32%.

- The total crypto market cap has seen a 33.41% change in the last year.

- Cryptocurrency investments can be highly volatile, with prices driven by investor sentiment.

Remember to approach cryptocurrency investments with caution and consider consulting with a financial advisor if needed ².