#defi #lunacollapse #ust
This is probably the worst day ever in the crypto space: 95% loss in one day. But what really happened today to LUNA, in this video we will try to understand what happened and how this terrible situation is evolving.
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How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style:
Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in🧵 pic.twitter.com/nGVfqjpVJb
— Onchain Wizard (@OnChainWizard) May 10, 2022
Do Kwon: https://twitter.com/stablekwon/status/1524331171189956609
Proposal: https://station.terra.money/proposal/1164
What happened: https://twitter.com/pedroexplore1/status/1524216974611517443
https://twitter.com/pedroexplore1/status/1507482833593450498
https://twitter.com/pedroexplore1/status/1494379344382369794
https://twitter.com/pedroexplore1/status/1506396351311097865
Who is behind: https://twitter.com/OnChainWizard/status/1524123935570382851?s=20&t=8n6X2yhZsQHY_GvwpY5RfA
Sorare: https://sorare.pxf.io/x97Kgx
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The content provided here is intended for informational purposes only. It should not be considered as financial, legal, or tax advice. The views expressed in this text are solely those of the author and should not be interpreted as the opinions of a licensed financial advisor or registered investment advisor. Please be aware that trading cryptocurrencies involves significant risk, and there is a possibility of experiencing losses. The author does not guarantee any specific results or outcomes. Before making any financial decisions, it is recommended to seek advice from qualified professionals.
#terra #luna #dump #defi
00:00 What’s going on right now with USD and Terra, one of the most incredible dump of the history of Cryptos
01:23 The peg, USD
02:03 Why it is going on and why the price of Terra has gone down of more than 9% in a couple of hours
02:14 How Luna is working
02:29 The real mechanism
02:50 A tread in order to understand it
03:09 How does it work
03:25 The point
04:59 Another point
05:19 The price of Luna
05:45 The chart
06:16 Why the price is dumping so much and os fast
07:21 A nice tread in the forum of Terra: why a change is needed
07:54 The proposal
09:13 Another interesting tread, something premeditate and the intention to destroy Luna
10:23 What is the situation right now about the peg and the price
10:53 The main problem: the price and the trust
11:21 The reason why I made this video
11:57 What they are trying to do
12:49 Suggestions
13:16 The point, what I wanna invite you to right now
13:58 Conclusion