Cryptocurrency Q&A Why did Luna crypto crash?

Why did Luna crypto crash?

BenjaminMoore BenjaminMoore Mon Nov 11 2024 | 6 answers 1594
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. Why did Luna crypto crash?

6 answers

GyeongjuGlory GyeongjuGlory Wed Nov 13 2024
The surge in the supply of LUNA tokens on cryptocurrency markets had a profound impact on investor sentiment.

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Bianca Bianca Tue Nov 12 2024
Consequently, most major cryptocurrency exchanges around the world took the decision to delist LUNA and UST.

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Leonardo 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.

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CryptoAlchemy 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.

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Bianca 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.

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