What happened to Luna?

The LUNA crash caused billions of dollars of losses for investors, leaving many to wonder what happened to LUNA. How could the Terra and Luna ecosystem, which was valued at upwards of $60 billion at one point, evaporate within just a few days?

Will the Luna coin crash return to its all-time high?

Meanwhile, people seem to be very careful with the crypto market because of its volatility. The luna community has seen luna as a project that can never recover and return to its All-Time High, thus this article details every fact about the luna coin crash and if it will Recover.

Will Luna price flip Bitcoin a week after a crash?

The current LUNA price a week after the crash is $0.00018. It may be impossible unless a large part of the hyper inflated circulating supply of LUNA (now 6.5 trillion LUNA coins) is burnt – the LUNA market cap would flip Bitcoin (with its $578 billion market capitalization) before the LUNA price even reached nine cents ($0.09).

What caused the Luna crypto crash?

The Luna crypto crash was caused by its connection to TerraUSD (UST), the algorithmic stablecoin of the Terra network. On May 7, over $2 billion worth of UST was unstaked (taken off the Anchor Protocol), and hundreds of millions of it were quickly liquidated.