🚨 From the Top to the Bottom: LUNA Coin Proves There is No Safety in the Crypto World
In the world of cryptocurrencies, profits may seem fantastic, but the danger is always lurking behind the scenes.
The most notable example of this: LUNA, which soared like a rocket and then experienced a memorable free fall.
During 2022, LUNA reached over $100, and its market value soared to more than $40 billion. It was presented as a revolutionary project based on a stablecoin called UST, which was algorithmically linked to the US dollar.
But the dream turned into a nightmare in an instant.
UST lost its peg to the dollar and collapsed rapidly, dragging LUNA down with it, plummeting from $100 to less than $0.01 within days. Tens of billions of dollars evaporated, and hundreds of thousands of investors lost everything.
As for the project's founder, he was pursued by authorities on charges of fraud and manipulation.
🧨 The Harsh Lesson?
In the cryptocurrency market, nothing is guaranteed.
The rise can be swift, but the fall is always harsher and faster.
