Cryptocurrency Q&A
What day did LUNA crash?
What day did LUNA crash?
Sara
Fri Nov 08 2024
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5 answers
1129
I remember it was a chaotic day for the crypto market. LUNA, which was once a prominent coin, suddenly crashed. I'm trying to recall the exact date when this happened.
5 answers
CryptoTitaness
Sun Nov 10 2024
On May 7, the algorithmic stablecoin terraUSD (UST) experienced significant volatility.
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GeishaWhisper
Sun Nov 10 2024
Prior to the event, UST had a market capitalization of $18 billion and was designed to maintain a $1 peg.
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BonsaiLife
Sun Nov 10 2024
However, the stablecoin's price began to fluctuate and dropped drastically.
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Valeria
Sun Nov 10 2024
By May 9, UST had fallen to 35 cents, representing a significant decline from its intended $1 value.
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Alessandra
Sat Nov 09 2024
Additionally, LUNA, the companion token intended to stabilize UST's price, also experienced a steep decline.
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