2022.05 · 폭락
Terra/Luna collapse
The algorithmic stablecoin UST's depegging wiped out the LUNA ecosystem within a week.
When UST, run by Do Kwon's Terraform Labs, lost its $1 peg, LUNA tokens were minted without limit, and its $40 billion market cap effectively collapsed to zero. Many Korean investors were affected, and shaken global crypto confidence led to a chain of failures including Celsius and Three Arrows Capital.
Sources & references
- WSJ — WSJ — Terra/Luna Collapse ↗
An explainer on Terra/Luna's algorithmic stablecoin mechanism and the causes of its collapse.