UST collapsed three days ago. The algorithmic stablecoin depegged from $1, the ensuing redemptions hyperinflated the Luna supply, which crashed both of their prices and evaporated nearly $17.2 billion from the market. The entire collapse took less than two days.
Thoughts on Terra's Collapse
Thoughts on Terra's Collapse
Thoughts on Terra's Collapse
UST collapsed three days ago. The algorithmic stablecoin depegged from $1, the ensuing redemptions hyperinflated the Luna supply, which crashed both of their prices and evaporated nearly $17.2 billion from the market. The entire collapse took less than two days.