The Downfall of LUNA: 8 Lessons I Learnt From The Terra Fiasco

Trader FX
Coinmonks
Published in
10 min readMay 26, 2022

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Terra’s rise to fame was as spectacular as its crash — no one had seen it coming in a magnitude of that sort, as LUNA fell from an all-time-high (ATH) of $119 to virtually $0 over a meagre few days, wiping out billions of dollars of investments. My cryptocurrency portfolio is a diversified mix of stablecoins and cryptocurrencies that I deem worthy of holding — regrettably, LUNA and…

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Trader FX
Coinmonks

A tech enthusiast, trader and zealous writer passionate in cryptocurrency, finance and passive income. 4x Top Writer in Finance, Bitcoin, Investing, Technology.