Why is Luna referred to as the 'Moutai of the Crypto Circle'?

Luna is called the 'Moutai of the Crypto Circle' mainly because its price rose significantly for a long time, ranking high in market capitalization within the cryptocurrency field, providing investors with substantial returns, similar to the performance of Moutai stocks in the A-share market.

Luna is the native token of the Terra blockchain platform. On March 12, 2020, the price of Luna was only $0.1201, and it subsequently surged, with an increase of over 800% throughout 2021. In April 2022, Luna reached an all-time high price of $119.18, with a market capitalization of $41 billion, ranking fifth among all cryptocurrencies by market capitalization. Its long-term price increase and high market value have given it a status in the crypto circle akin to that of Moutai as a 'benchmark for value investment' in the stock market, which is why it is referred to as the 'Moutai of the Crypto Circle' by crypto players.

However, in May 2022, the price of Luna plummeted, nearing zero, and its market capitalization almost 'evaporated', causing a significant shock in the crypto circle.