Cryptocurrency Q&A Why did Terrausd collapse?

Why did Terrausd collapse?

InfinityVoyager InfinityVoyager Sat Nov 09 2024 | 6 answers 1260
I want to understand the reasons behind the collapse of Terrausd. What factors led to its downfall and why did it fail to maintain its stability in the market? Why did Terrausd collapse?

6 answers

Margherita Margherita Mon Nov 11 2024
On May 7, 2022, a significant event unfolded on the Ethereum network.

Was this helpful?

46
42
lucas_emma_entrepreneur lucas_emma_entrepreneur Sun Nov 10 2024
As a result, there was a widespread sell-off of UST and LUNA.

Was this helpful?

95
37
ZenHarmony ZenHarmony Sun Nov 10 2024
A protocol known as Curve was utilized for a series of trades.

Was this helpful?

117
56
ShadowFox ShadowFox Sun Nov 10 2024
The sell-off was not limited to just these two cryptocurrencies.

Was this helpful?

345
91
Daniele Daniele Sun Nov 10 2024
These trades had a profound impact on the price of UST.

Was this helpful?

369
22
Load 5 more related questions

Related questions

  1. Why did Terrausd collapse?

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts