HomeCryptocurrencyLuna Terra (Luna Coin): Review, Comments and Analysis 2022 (Updated)

Luna Terra (Luna Coin): Review, Comments and Analysis 2022 (Updated)

Update: We wrote a new post with the recent Big Luna Coin crash. After the recent events, no analysis would make sense for Luna coin and assets within Terraform Labs. If you are wondering why the Luna Coin dropped, please read our article below:

Luna Coin: What is behind the big crash?

luna-inceleme

Luna coin has dropped to around $0.005 for now.

Why did this happen? Actually Simple, some entities saw that this algorithmic stabilizer was going to be a problem and broke the system to make HUGE profits. Some of the billions of dollars worth of UST sold by the market against USDT would break the 1:1 ratio and bet that the algo would create and sell large quantities of LUNA tokens, resulting in a massive drop in value.

While many people lost large sums of wealth, a few entities became very rich by knocking LUNA down.

The only way to stop this collapse is to destroy the UST and stop the algorithm…

Not Investment Advice

The information provided in this article is intended for general guidance and information purposes only. Contents of this article are under no circumstances intended to be considered as investment, business, legal or tax advice. We do not accept any responsibility for individual decisions made based on this article and we strongly encourage you to do your own research before taking any action. Although best efforts are made to ensure that all information provided herein is accurate and up to date, omissions, errors, or mistakes may occur.
Disclosure: Authors are invested in cryptocurrency projects and have cryptocurrency holdings – including those covered on this website. 

Mehmet S. Kaya
Mehmet S. Kayahttps://teknonel.com
Mehmet is one of the administrator of Teknonel. As a software developer, he loves to share his knowledge in related topics. He is highly familiar with the editorial process from the inception of an article idea, through the iterative process, publishing, and performance analysis as well as product reviews.

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