What happened to luna crypto, why is luna crypto crashing ?

Channel:
United Kingdom iZem
Subscribers:
13,700
Published on ● Video Link: https://www.youtube.com/watch?v=uV_tSnMyKLk


Game:
Luna (2017)
Duration: 0:54
187 views
1

What happened to luna crypto, why is luna crypto crashing ?

The biggest loser among all cryptos appears to be Terra Luna (LUNA), which crashed over 99 percent on May 11, as per CoinMarketCap data. And the reason behind this is the 'de-pegging' of TerraUSD (UST) stablecoin

What crashed Luna?
The cryptocurrency Terra Luna started crashing amid the TerraUSD algorithmic stable coin de-pegging fiasco

Does Luna have limited supply?
This means that LUNA coins have an elastic supply that fluctuates according to the needs of Terra's collateralization mechanism.
Is Terra Luna deflationary?
Since LUNA is the stability mechanism behind the Terra stablecoin, it means that LUNA is a deflationary currency system.

Is Terra and Luna the same?
The Luna Foundation Guard (LFG) is a non-profit organisation registered in Singapore, and they are responsible for the promotion, innovation and sustainability of Terra (LUNA), its native crypto currency - TerraUSD (UST) crypto Blockchain algorithmic Stablecoin, as well as other Stablecoin and decentralised finance


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Other Statistics

Luna Statistics For iZem

At present, iZem has 983 views spread across 3 videos for Luna, and less than an hour worth of Luna videos were uploaded to his channel. This makes up less than 0.16% of the total overall content on iZem's YouTube channel.