$LUNC

The biggest ever crypto crash in history_ " Tera luna" crash••••🔥 $LUNC

The Terra Luna #crash occurred in May 2022, resulting in a devastating loss of around ** $60 Billion ** in investor wealth. Here's a breakdown of what happened¹:

- The Trigger: The collapse began when Terra's algorithmic stablecoin, UST, lost its peg to the US dollar. This was triggered by a massive sell-off of UST, worth over $2 billion, which caused its value to drop.

- The Spiral: As UST's value fell, panic set in, and traders began exchanging their devalued UST for LUNA, Terra's native token. This led to a surge in LUNA's supply, causing its value to plummet.p