Will people ever learn or regulators ever regulate the things that actually cry for regulation or is it just such a strong brand that it can rely on 'bad pr is better than no pr? Is it 'under new management' or just that bold to keep the disaster running?
I mean in May 2022, LUNA saw one of the most disastrous price crashes in the history of the cryptocurrency market. The price of LUNA, which hit an all-time high of $116 on April 6, was as low as $0.00008 by June 6.
The LUNA crash caused billions of dollars of losses for investors, leaving many to wonder what happened to LUNA. LUNA was trading at around $62 on May 9, 2022, the day when UST started losing its peg. By May 13, LUNA was trading at around $0.0003.
The hyperinflation of the LUNA supply, combined with the enormous selling pressure, caused LUNA to experience one of the worst, if not the worst crash in the history of the crypto markets. Those who held on to their LUNA were left with practically nothing.
And people are buying ...again? Please give me a break.
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