Hi everyone, hopefully you are fine and having fun with your family and friends.
Last two weeks were scary as hell due to the Luna crash incident. The most scariest thing was the fall of UST which was known to be the Stablecoin of luna blockchain.
The Stablecoin UST lost peg which the luna foundation tried to restore by selling its Bitcoin reserves. They sold close to 80k bitcoin but that could not save the UST peg.
Now luna is named as classic and new luna blockchain will be born. New luna will be airdropped to classic luna holders.
By the way now Markets are showing some strength and green view. Hopefully the buidlers will be more active after the incident and come back stronger.
I am really sorry if you are a luna crash victim. Stay strong and be happy.
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About Author
@coolguy222 is a full time crypto trader and content creator on hive blockchain. He loves to make new friends.
Posted Using LeoFinance Beta
Do you think the new Luna (I guess new moon rising) can overcome the stigma of the last moon implosion?
Difficult to say anything because Once trust lost is hard to restore so it would be the biggest challenge luna buidlers will have.
Let's see how it goes in the future.
Posted Using LeoFinance Beta
It was wild to see it happen and unfortunately, whatever recovery plan they have is not going to work.
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Hard to say what is going to come.we will see what happens.
Thanks for stopping by.
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Luna lost many people hope. 🥲