May 13 2022

This Week’s Recap: UST’s Depeg and LUNA’s Demise, Crypto Markets Lose $500 Billion

in blog CryptoPotato
original entryThis Week’s Recap: UST’s Depeg and LUNA’s Demise, Crypto Markets Lose $500 Billion

This week saw the demise of the Terra ecosystem as UST lost its peg and LUNA collapsed to virtually zero. The entire market is down some $500 billion.

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