2 years ago this week, Terra's LUNA coin dropped from $119 to $1.
Two years ago this week, Terra network's native token LUNA experienced a dramatic loss in value. LUNA's price plummeted from its peak of $119 to as low as $1.
This event caused a major shock in the cryptocurrency market and resulted in significant losses for investors. The sudden collapse of LUNA also raised questions about the reliability of the Terra network.
Investors and analysts began to analyze the causes and consequences of this crash. How the Terra ecosystem was affected by this process and the progress of its recovery became a long-debated topic in the cryptocurrency world.
Let's discuss this in the comments.
