What happened to LUNC (Terra Classic) was a real earthquake in the cryptocurrency universe! Imagine seeing such a valuable coin fall to almost zero in a matter of hours. Let's understand the main reasons for this collapse:
1. Stablecoin lost its stability: UST, the stablecoin of the Terra ecosystem, was supposed to maintain a stable value against the dollar. But it lost its anchor, and that was the trigger for chaos. Investors lost confidence and began to sell desperately.