The collapse of Terra and its algorithmic stablecoin, TerraUSD (UST), serves as a major turning poin

In the history of cryptocurrency. The downfall led to the loss of over $60 billion, turning Do Kwon, once a crypto visionary, into a cautionary figure. His gamble on UST's algorithmic stability, tied to the Luna cryptocurrency, failed spectacularly when a sell-off in May 2022 destroyed confidence, causing both assets to plummet. Despite earlier warnings from experts, Kwon pressed forward, leading to catastrophic losses for investors and lawsuits against him worldwide.

The event underscores the extreme risks inherent in algorithmic stablecoins, especially in highly speculative markets where sentiment drives rapid fluctuations. Terra's collapse serves as a brutal reminder that bold innovation, without proper safeguards, can result in devastating financial consequences#USJoblessClaimsDip #BTC67KRebound #BTCETFDemandSurge #BTCETFDemandSurge #USJoblessClaimsDip #TeslaBTCQ3HoldingsStable

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