LUNA meltdown sparks theories and told-you-sos from crypto community

LUNA meltdown sparks theories and told-you-sos from crypto community


No matter how hard your day is going, spare a thought for LUNA investors Wednesday. Do Kwon, CEO of Terraform Labs and 18th on Cointelegraph’s Top 100, has lost billions of dollars for their investors.

Do Kwon’s coins came crashing down as brainchild Terra (LUNA) sinks over 97% from highs, while the stablecoin TerraUSD (UST) fell 75% lower than its intended dollar parity.  At one point, the LUNA price tread lower than UST.

There are real consequences to the coins’ failures. On the TerraLuna Reddit page, the suicide hotline has been pinned; the subreddit is indeed a disturbing read as the LUNA crisis unfurls.

Those of you waiting for the earth to become unstable-

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I’m afraid you will be waiting until the age of men expires

Cities have returned to the

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