I've been investing in Luna crypto for a while, but recently its price crashed unexpectedly. I'm wondering what caused such a significant drop in the
market value of Luna.
6 answers
GyeongjuGlory
Wed Nov 13 2024
The surge in the supply of LUNA tokens on cryptocurrency markets had a profound impact on investor sentiment.
Bianca
Tue Nov 12 2024
Consequently, most major cryptocurrency exchanges around the world took the decision to delist LUNA and UST.
Leonardo
Tue Nov 12 2024
The decoupling of UST from its pegged value exacerbated the situation, leading to widespread doubt about the stability of the project.
CryptoAlchemy
Tue Nov 12 2024
Among the top exchanges, BTCC offers a range of services including spot and futures trading, as well as a secure wallet for storing cryptocurrencies.
Bianca
Tue Nov 12 2024
This loss of confidence triggered a sharp decline in the price of LUNA, as investors sought to offload their holdings.