🔥 The 5 Days of Hell: The Fall of the Terra LUNA Empire
Four years after the biggest catastrophe in cryptocurrency history.
From May 9 to 13, 2022, an empire worth over $60 billion collapsed in just 5 days, leaving thousands in ruins, with dozens of suicides and a crisis that shook the entire ecosystem.
🗓 Day 1 – May 9:
UST loses its peg and drops below $0.95. Billions exit Anchor. The Luna Foundation Guard burns Bitcoin to defend it. LUNA plummets from $80 to $30.
🗓 Day 2 – May 10:
Hundreds of billions of new LUNA are printed. The dilution is brutal and trust evaporates.
🗓 Day 3 – May 11:
LUNA breaks the dollar and falls to cents. The death spiral spirals out of control like a nuclear reactor.
🗓 Day 4 – May 12:
The supply of LUNA skyrockets into trillions. UST sinks below $0.20. Total panic.
🗓 Day 5 – May 13:
LUNA trades at $0.00005. $45 billion evaporates. The blockchain halts. The empire is dead.
The domino effect:
- 15 days later: Bitcoin drops to $27,000. The market loses $1 trillion. Suicides and ruins go viral.
- June-July: Three Arrows Capital ($2.8B), Celsius ($4.7B), and Voyager go bankrupt.
- Months later: The FTX collapse arrives (November). Bitcoin hits $16,000. The harshest crypto winter in history.
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🔥 We witnessed history. That day, we lived it firsthand, and this is how Dragoncrip told you about it 4 years ago while the bomb exploded live.
https://t.co/A7Cj71oDCN
Thanks to life for allowing me to experience the most important moments in the crypto world. I'm still here, full of scars, fighting alongside you in the trenches.
#TerraLuna #EspiraldelaMuerte #LUNA $USTC