The Fall of Terra: A Timeline of the Meteoric Rise and Crash of UST and LUNA

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“DAI will die by my hand” are stablekwon’s famous last words. But how did the meteoric rise of LUNA and $UST crash so quickly? It started with a launch in 2018.

CoinDesk followed and reported on the rise and the ultimate demise of the Terra ecosystem. What follows is a detailed timeline of the Terra blockchain's history, including Do Kwon's vision to create a price-stable crypto payment system to take on the biggest e-commerce platforms, Terra becoming one of the biggest red-hot crypto projects, Do Kwon's growing antics on social media and how it all crashed down in the end, evaporating the life savings of desperate everyday investors.

April 20: Cyrus Younessi, head of risk at MakerDAO and a former research analyst at Scaler, tells Scaler why he believes Terra/LUNA would not work, describing a scenario that later unfolded in mid-2022. (

 

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stablekwon Stop the article about luna.

stablekwon $UST & $LUNA COLLAPSED BUT THE COMMUNITY IS STILL STRONG 🙏 LET'S ASK terra_money stablekwon TO BURN THE COINS 🔥 YOUNGER GENERATION ARE SEEKING FOR FINANCIAL FREEDOM NOT LOSING THEIR LIVES. LUNAtics BurnLuna btc ETH Solana DoKwon 🔥 RETWEET & SPREAD THE WORD🙏❤️

stablekwon Bitcoin dominance is going up as the market heals itself,& cleanses itself from a lot of the garbage in the space. Eventually,the asset class will move to new highs, but btc needs to take control for a while Bravo Chrismoyzee Made us proud him TA have been very helpful

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stablekwon A meteor doesnt rise 🤌🏽

stablekwon XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

stablekwon Could we just STOP talking about Terra/Luna already 🙏🏼🙏🏼🙏🏼 Sick & tired of hearing the same shit over and over & over again

stablekwon You're losing PR sers... Change disk maybe?

stablekwon 🤣

stablekwon Funny enough DAI increased in value about 40% just after UST collapse

stablekwon XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

stablekwon JaiHoCrypto 4 Usecases live with buy back burn 🔥 Listing on Latoken 26 May JaiHoCrypto BNB LUNAtics 1000xgem

stablekwon XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

stablekwon your comment is 'Clickbait', it doesn't help, it just throws shit.

stablekwon $LUNA is very complicated story and crypto just got more careful. Nevertheless, I am bullish on cardano since forever. I just trust in its ecosystem and that is how I find about $ADAX. V2 DEX is around the corner and it will do a 10x in no time once it's out.

stablekwon I like the fact that you mentioned famous last words, not last words.

stablekwon 'last words.'?...

stablekwon luna will💥🚀💥🚀💥🚀

stablekwon DO YOU THINK LUNA CAN MAKE A COMEBACK?

stablekwon digitalassetbuy He’s coming for you. 😂

stablekwon talking about this video

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Terra (LUNA) Network Dropped by Coinbase Cloud ServiceCoinbase's blockchain API and cloud service stops supporting Terra (LUNA). What about Terra 2.0? One and only PayBolt will be a good buy in this season Check PayBoltOfficial $LUNA terraluna Tether LUNAtic PayBolt PayBolt4biz can you please throw some luna in my wallet terra1ncjg4a59x2pgvqy9qjyqprlj8lrwshm0wleht5
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Tron Founder Justin Sun on Stablecoins in Wake of Terra CollapseTron founder Justin Sun discusses his take on the Terra ecosystem in the wake of UST's meltdown, the risks and benefits of algorithmic stablecoins, the impact of Tether's USDT on the crypto markets and Tron's stablecoin USDD. Plus, responding to financial crime allegations made by The Verge. trondao justinsuntron Lmao nothanks trondao justinsuntron Gross. trondao justinsuntron Asian people fucked the market again haha. First COVID, then crypto mining regulations and now a group of ponzi scheme Luna guys. Thanks for letting me buy the dip
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This Is How the Terra Stablecoin Actually Imploded - Odd Lots - Omny.fmThe collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most painful and devastating chapters in crypto history. Over $60 billion market value has evaporated, and numerous retail investors are nursing major losses. What's particularly bad is that this was a big project, championed by some of the most notable names in crypto. But some people obviously saw it coming, and understood it to be a disaster in the making. On this episode we speak with Kevin Zhou, the founder of the crypto hedge fund Galois Capital. He began warning about Terra publicly earlier this year, and was short Luna starting in early May. He explains the exact mechanics of the coin's implosion.
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Weekend Watch: BTC Rejected at $30K, LUNA and UST Dump Another 20%LUNA and UST continue to drop by double-digit percentages per day, while BTC remains stuck below $30K after another rejection. LUNA will rule again 🚀🚀🚀
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Terra collapsed because it used hubris for collateral — Knifefight – Cointelegraph MagazineAccording to knifefight, the UST/Terra stablecoin structure was a circular Ponzi scheme that used hubris for collateral. So why did so many smart people fall for it? (Via CointelegraphZN) knifefight ZN So Asians now better scammers? knifefight ZN Because of Luna's manager's ego DoKwon LUNA ust knifefight ZN $waves is next
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How the Anchor protocol helped sink TerraPeople who knew better — who saw the warning signs, even — did little to stop naive investors. Don’t miss out on $Moox, Liquidity Focused Project, Ownership Denounced, Solid community engagement, Fixed $BUSD reflection on staked $Moox Consistent DEXTscore of over 80 for 7days streak CoinMarketCap Hates good projects BSCGems Passivelncome This article is riddled with inaccuracies and failed to demonstrate how about sunk luna blz get a degen to proofread your article - the network is called Terra and its currency is LUNA - the stablecoin is not Terra, it's TerraUSD and its ticker is UST
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