UST Luna - The Biggest COLLAPSE in Crypto History
What happened? And what are the consequences?
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We’re currently watching one of the the largest events in Crypto history.
The sketchy outlook in the markets has triggered a run on the UST stablecoin, which began destabilizing in the last several weeks. As time progressed, the peg worsened, and it eventually rolled over into a complete crash of both the value of UST, and the native asset LUNA.
What led to the crash? Was it a coordinated attack, or an inevitable collapse? What Red Flags were there ahead of time?
What’s the fallout from all of this? What lessons can we learn?
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