Why did luna crypto crash

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The report debunks the myth has 39, UST becomes the launch a new blockchain tagged.

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Why did luna crypto crash	Early Many Reddit users have also posted stories about the consequences of losing their money from their Terra and Luna cryptocurrency investments. The key takeaway should be that if an investment seems too good to be true, it usually is. All Coins Portfolio News Hotspot. The crash has rattled the broader crypto market, and other tokens including bitcoin and tether have also struggled. What's next The company behind UST will be building a new blockchain, though it won't include a stablecoin.
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How Luna Collapsed
The stunning fall of the Terra stablecoin made the overall crypto market unstable, wiping out more than $ billion in the space. LUNA, the native cryptocurrency of the Terra Ecosystem, has fallen over % since it crashed. Previously a top 10 token by market. The Terra-LUNA crash in May was triggered by the depeg of the ecosystem's stablecoin UST. It led to the unprecedented demise of a blockchain ecosystem.