I want to tell you about the worst 72 hours in crypto history because I think people are already forgetting the lesson.
In April 2022 LUNA was at $119, it had a market cap of $41 billion and millions of people were staking their savings in Anchor Protocol earning 20% interest on UST, a so called stablecoin pegged to the dollar.
By May 13 LUNA was worth $0.00001.
Not $1. Not $0.10.
$0.00001.
$60 billion dollars evaporated in 72 hours and the r/TerraLuna Reddit moderators had to pin suicide hotline numbers to the top of the page because that is how many people lost everything.
One Reddit user wrote I really believed in the project, I did not get out because I got greedy and hoped it would go up more, they lost $17,000.
Another wrote I cannot pay the bank, I will lose my home soon.
I personally think this is the most important story in crypto history and not enough people are telling it honestly. 💔
#LUNA $HYPE $ZEC
In April 2022 LUNA was at $119, it had a market cap of $41 billion and millions of people were staking their savings in Anchor Protocol earning 20% interest on UST, a so called stablecoin pegged to the dollar.
By May 13 LUNA was worth $0.00001.
Not $1. Not $0.10.
$0.00001.
$60 billion dollars evaporated in 72 hours and the r/TerraLuna Reddit moderators had to pin suicide hotline numbers to the top of the page because that is how many people lost everything.
One Reddit user wrote I really believed in the project, I did not get out because I got greedy and hoped it would go up more, they lost $17,000.
Another wrote I cannot pay the bank, I will lose my home soon.
I personally think this is the most important story in crypto history and not enough people are telling it honestly. 💔
#LUNA $HYPE $ZEC