As long as this 38.2% Fibonacci retracement of the entire bull market holds, a level I’ve been highlighting throughout this cycle, there is still a window for bulls.
A clean break below this level would likely confirm a shift into a deeper bearish phase.
- Be a popular streamer - Partner with a new $SOL launchpad - Launch a token with a $1.5M presale - Promise 0% creator allocation - Generate ~$300K–$500K in estimated creator gains - Go silent - Let top wallets control 96% of supply - See price collapse -88%
it's for new trader who don't know the risk of crypto
Anwar khayal
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Bullish
The collapse of Do Kwon and formerly LUNA: known $LUNC {spot}(LUNCUSDT)
- born in Seoul in 1991 - top student, attends Daewon Foreign Language High School - moves to the US and gets into Stanford - works as software engineer at Microsoft - returns to South Korea - founds Anyfi, a P2P mesh networking startup
2018–2021: Terraform Labs arc
- cofounds Terraform Labs in 2018 with Daniel Shin - launches Terra blockchain and LUNA token - raises over $200M from VCs
2020–2022: UST and rapid growth
- launches TerraUSD (UST), an algorithmic stablecoin - UST uses a burn-mint mechanism with LUNA - Anchor Protocol offers ~19.5% APY on UST deposits - LUNA reaches around $116 in April 2022
May 2022: the collapse
- over $2B UST withdrawn from Anchor - liquidity removed from Curve pools - UST loses its dollar peg - Luna Foundation Guard sells Bitcoin reserves to defend it - reserves are exhausted •UST falls to fractions of a dollar - around $40B in market value is liquidated - >1 million investors affected
March 2023: arrest
- arrested in Montenegro - attempted to travel using a forged passport - sentenced to prison in Montenegro - extradition battle begins between US and South Korea
2024: escalation
- Terraform Labs files for Chapter 11 bankruptcy - US jury finds Terraform Labs and Do Kwon guilty of securities fraud - civil penalties exceed $4.5B - Montenegro approves extradition to the US
2025: the sentence
- pleads guilty to wire fraud and conspiracy - admits misleading investors about UST stability - agrees to forfeiture of $19M - 15 years in federal prison - judge calls it a fraud of generational scale
Terra remains one of the biggest collapses in crypto
Whether you like $NIGHT HT or not, its impact on the Cardano ecosystem was necessary.
It may have caused some temporary bleeding among Cardano altcoins, but it is now generating consistent volume on top trading pairs. The more pairs you have with real trading activity off-chain and deep liquidity on-chain, such as $ADA A, $NIGHT, #Snek , and #WMTx (based on volume), the more arbitrage opportunities you create. This, in turn, attracts arbitrage bots and market makers trading across both DEXs and CEXs.
Arbitrage bots are great for the ecosystem. They generate volume, which creates fees for everyone involved: bot operators, DEXs, liquidity providers, stake pool operators, and the Cardano treasury. It starts slowly, but as liquidity and connectivity grow, the effect becomes exponential.
Adding major stablecoins like #USDC✅ or #USDT。 would be like pouring gasoline on the fire.
That’s the network effect. We're now in the second stage.