OK, so LUNA crashed, UST crashed and some people have lost a lot of money. We are not saying that LUNA was a scam or rug pull; it had all the hallmarks of a legitimate project, however, anyone who has been in crypto for more than five minutes has seen many projects come and go very quickly. It is interesting to see how many professionals and institutions lost big money this time; this was not just a crash that hurt retail or amateur investors.
Galaxy Digital and Pantera Capital were two of the largest firms to back Terra, with both contributing to a $25 million funding round in January 2021. Both of these companies also contributed to the second funding round, alongside BlockTower Capital and Delphi Digital. You may have seen Galaxy Digital CEO Mike Novagratz getting a LUNA tattoo when LUNA hit $100 -- now that tattoo is going to be
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Justin Sun Talks USDD Stablecoin in Wake of LUNA/UST UnravelThe controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST. 0x_bae justinsuntron WHYYYYY is coindesk hosting frontpage interviews to someone who is looking to replicate the Luna concept (but worse). What is wrong with crypto and crypto media, i hate this space . Get this scumbag of my frontpage of twitter and stop scamming retail with a new shiny ponzi 0x_bae justinsuntron Dont trust on tron 0x_bae justinsuntron ankr Web 3
Source: CoinDesk - 🏆 291. / 63 Read more »
Singaporean LUNA and UST Investor Reportedly Files a Police Report Against Terra’s Do KwonSummary: A user on Reddit claims that he has filed a police report on behalf of 1,000 Singaporeans against Terra’s Do Kwon and the LUNA project The police report states that the concerned citizen lost money in ‘the Luna Cryptocurrency scam’ Earlier today, Do Kwon had clarified via Twitter that...
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Terra Skyrockets 1000% On Bullish Sentiments As Traders Envision LUNA As “The Next Shiba Inu”After losing over 99% of its total value on Thursday, LUNA’s price surged over 1000% to $0.0005395 on Saturday, igniting bullish sentiments...
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Here’s why LUNA ‘is pumping’ days after total collapseAfter undergoing a massive crash that shocked the cryptocurrency community, the Terra (LUNA) token is witnessing a pumping activity as... Continue reading
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
The LUNA and UST Crash Explained in 5 ChartsBefore $UST began its decline, the anchor_protocol lending protocol was home to 75% of its entire circulating supply. It was either a bold move for the stablecoin’s growth or a wasteful one that attracted too much disloyal investment. anchor_protocol F.U.D 👀🤣🤣 ♥️ anchor_protocol The most beautiful scam
Source: CoinDesk - 🏆 291. / 63 Read more »
Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40xAccording to Marszalek, users that traded “during those 59 minutes” are eligible for a buyback option at the market price for LUNA tokens. CryptoChihiro this is why ppl are unhappy with Cryptodotcom The bird 🐦 can never fly without wings Luna Let's go lunatics u can do it
Source: Cointelegraph - 🏆 562. / 51 Read more »