Bitcoin Forum

Down 100 % on CoinMarket Cap !! What !?!

Down 99.999999999999% or in simply terms, a 20.000 times crash, from $120 usd to all the way to $0.006 now in just few hours, never buy the dip in a pre bear market.

Yes but if you check the "All Time High" numbers down below to the right, it says 100 %. But even though it's that far down it keeps dropping in decimal value numbers ! And rank position too... I sold at $36 , and I thought I was too late...

Mathematically will never be 100% unless the price crashes to 0.00000000000000000000000, at the moment is 0.005.

You're lucky to get out early and cut your losses others are not that lucky I have never seen something like that before I thought the pandemic is the worse this one is even worse I checked their channel and the team has this to say, I don't know what must be done, but it seems they are done.

     Just checked on Binance and the price right now is about 0.006usdt something, this is so sad. I have witnessed the rise of luna and the hardships it overcame over the years and I honestly liked its concept which is why I thought it would only go up as time goes by. What a waste, sigh. Although I sold my Luna holdings last year, I was still hoping to see better buying conditions but now, I am hesitant to buy back since I have lost trust on it and I think a lot of people also did which is why the price just continued to drop. I really do not know whether they can still be able to recover from this or not. Really, what a waste.. sigh.

No doubt. More amd more luna being minted and dumped to the market. People are leaving this as they know this was a garbage token that will worth zero. it's better for them all to save their money rather than try to put more money into this scam token.
Luna is a scam token now. I think that you must forget this. this worth nothing right now. Another meme token.

I wrote about the reasons for increasing the number of coins in this post.
https://bitcointalk.org/index.php?topic=5398288.msg60112622#msg60112622
This is an algorithmic coin and it is controlled by a smart contract that cannot be stopped.
Probably with a larger increase in the LUNA coins, the exchange will delist this coin

Couldn't really believe a project a big as it was can be literally be gone in few days. According to Do Kwon tweet days ago they were lending thousands of BTC to market makers. His followers doubt it since they send out all the 70K BTC on their wallet and its sort of liquidated. Worse than Bitconnect scam. And some of us thought it would bounce quickly right? Anyone who bought the dip must have lost it all.

Withdrawal for Luna is suspended on Binance I believe that delisting will follow, all this Chaos is intentional, those companies with Luna are manipulating the market for unknown reasons I think they will be visited by SEC and this one is going to be a long case journey.

I think we all should at this stage just give up on LUNA. It' keeps falling since the beginning of the week and the owner hasn't yet come public to announce his revival plan yet but rather opening rooms for suggestions. However, it's delisted on the no. 1 exchange.

Now the blockchain is stopped, transactions are blocked. This is the right decision, because in a few days we would have over 100 billion LUNA coins.The founders have very big problems, they will be sued and criminal cases will be brought against them, so negotiations are underway now.The LUNA team agrees to all the conditions of large funds, because they have no choice.

Luna had good market before,but it had loss everything now.Most of the people had invested huge amount their for the expectation of very high value and long run project.But Luna team had used this trap to cash out all the holding to Bitcoin and reduced both the price of bitcoin as well as the Luna.Now luna was became a scam project.

Alot of buying and selling is still going on at exchanges. Traders are still active trading Luna and making profit from it, and investors are buying enough to hold. Check the exchanges it is listed on and see what goes on there. Luna is not dead. The price is picking up and it is around two cents after falling to $0.008 today. It can still rise like what happened to Ripple with SEC in 2020. Am buying more Luna and holding.

Yeah that is really crazy. Even yesterday and the day before i was always thinking about investing a few bucks into Terra when it was around 2 USD or so and i was already regretting it when i did not buy them when it went up to around 6 dollars yesterday but now i am pretty happy that i did not buy any Terra. I am not really sure at the moment if Terra will have a future and if they can recover from that huge losses that happened the last few days and are still happening at the moment. The sad thing is that Terra is bringing down pretty much the whole crypto market with them after all Terra was a top 10 project.

It's pretty crazy, they're free-falling like a kindergarten slide. even if viewed now from Binance's twitter they are now on the Delist of the Future pair.
how many people lose money with just one day here.

But there really are some reasons there
1. they use their reserve funds using bitcoin and when bitcoin goes down there are certainly many investors who are worried because they think they don't have enough spare funds now which makes a lot of investors leave at the same time.
2. The value of UST has decreased because many have withdrawn funds from the anchor protocol in the Tera ecosystem. in this case, of course it is sustainable because UST and Luna are tied so that many burn UST to get $1 in luna and can be converted into USDT or USDC

Luna was hold in my wallet and i just shocked after seeing the downfall. I thought that was temporary and hold my assest but i was wrong! Then i bought luna with low price so that i can Cover loss on average if it pump but it goes down and still going downnn. This is the most terrible thing I've seen after 2017, crush of bitcoin. I was optimistic even some hours ago but now there's no hope. Its OVER...

This is a very unfortunate incidence in the crypto space. This is really devastating for investors. According to OutlookIndia (https://www.outlookindia.com/business/how-crypto-whales-wiped-off-terra-luna-on-binance-other-platforms-read-here-to-know-more-news-196106), this was caused by big investors, otherwise known as whales. During the midnight of May 7 and the early morning of May 8, big investors,  who are also called crypto whales, began to sell approximately 285 million UST simultaneously on Curve, Binance, Anchor and other platforms. They also started to short Luna crypto currency at the same time. Since UST and Luna are tied together by an algorithm program the massive selling and shorting caused the balance to be put off. The day ended with UST losing its 1:1 ratio to trade at $0.98 that day, and Luna was down by 6 per cent at $76.51. Today, the value of 1UST at CMC is $0.3871.

Where lies the trust in the crypto space? Investors waking up to see even their "STABLE COINS" seriously devalued. This is lesson learned and I hope other stable coins and future ones will have a more robust approach to prevent this ugly situation repeating.

Honestly how can you still believe in LUNA  and call out to hodl it? Are so fuckin blind or dumb?

There are still a few percentages remaining.

It currently shows down by 97.09% and that's close to 100%. This coin changed a lot of lives when it hit ATH and now, it had also changed a lot of lives but negatively.

When it has reached a centavo value with what has made it look like it had the rug pulled. Feeling sorry for those people that have heavily invested on it and don't even hold a bitcoin.

Luckily, I've also never dropped any money on Terra before or after this incident. Honestly, I just watched all the news about Terra falling so deep. Throughout the history of cryptocurrencies, Terra catastrophe has left a lasting mark. Because of the impact, it turns out that many say this has been planned from the beginning and has been structured.

In my opinion, the Luna coin is now destroyed and died due to its team making TerraUSD closely related to it as this algorithmic stable coin failed and had a huge negative impact on Luna coin, and because its investor base lost confidence and credibility in it, so I see that it is impossible for Luna coin to rise again after it dumped so hard in several days unless a miracle happened, so we have to learn the lesson, that there is no safe investment other than Bitcoin and that the team is the most important part of the project.

https://i.imgur.com/78Z8NUD.jpg

But probably the point is that it has lost so much value now, checking cmc it is down to 98% and trading 0.013$. This could be one of the worst this year, or during the bear market.

It is reported as well that the blockchain has temporarily halted because the price almost go to 0.

Everyone was just talking about them last March if I'm not mistaken, when they start to go headline about buying bitcoin in the billions. Now, almost all of it's value is gone because of the bank run they experience on their stable coin.

Oh well, another big lessons for us that this project will do some rug pulls, even if you think that they are really trusted because they are showing their real faces.

Good thing is that I didn't bother to look at this coin during it's run last year, from 1xx% now close to 0, what a massive turn around.

And with that, feel sorry for those investors who buy in late, definitely they are not going to get out with their money and hopefully again, this is a learning process for everyone.

That move they've made is already a red flag, how come they wouldn't notice such liquidation off BTC? Too bad for the people who invested on LUNA, now their money are gone forever. This is an eyeopener to everyone who doesn't know what brings a meme coin. Better to invest on BTC than any other shitcoins out there.

Do you think they can't recover from this downfall? And slowly, exit the market? They said they restart the blockchain - https://www.coindesk.com/business/2022/05/12/luna-issuer-terra-halts-blockchain-after-week-of-losses/, but will this address the decline of LUNA and UST? I have the feeling that they won't recover this easy. Who knows, they are about to exit even if they are showing their faces? But who will seriously run after them?

they doing alot to save ust ,but luna price keep falling til 0,00xx now. maybe all scenario they used will useless due investors faith that gone now.no one will buying UST or luna again what ever DO kwon do. all of this done now , let us move on and find another project to recover our loss in Luna. recover from this downside would not be easy thing for developers team

Scam coin will always be going down like this nomatter what already happened to recover it and market already distrust this scam coin. The price is adding more and more zero infront of it. I would not be surprised if so many people gone bankrupt. It's caused by the big money have been taken by the whales. So many new poorguy were coming from luna and im interesting to watch where this drama will be going on.

We all know everyone said Luna year. Truly this year was Luna year. One wonders how such a standard and such a popular coin turned into a scandal.People were investing in Luna. I bought and invested in these Luna coins myself. I bought Luna at the highest price for $97.But I did not sell, now I have a lot of losses.Many people have lost a lot of money from this luna.

LUNA is one of the coins that make many investors suffer, and the decline that occurs at this time to the lowest extent, this is indeed the risk of us investing in a bear market and will be a valuable lesson for investors who have already bought LUNA coins, and they sell when they are experiencing heavy losses and there is even a platform to collect LUNA withdrawals because of the very high withdrawal volume and deletion can also occur because of the problems faced by the LUNA team at this time very big.

it's never too late if it's still valuable and profitable even if it's only 1%, the problem is those who buy above and haven't had time to sell
Congratulations to you for being able to read Luna's current situation, at least you have saved a little money

With those tweets, they seem to be trusted.

But there's nothing to justify right now, this is a clear rug pull even with those reasonings and solutions. A project that keeps on sinking and nothing is being done.

Hiding in the shadows of network failure and nothing is being done. I also don't have this coin but there are too many reports of suicidal thoughts because of their lost to this coin.

I don’t think that anyone could be really convinced that this will be recovered. With its current state, and still dropping lower, this is somehow could be seen as a hopeless case. A lot of people have lost so much and it is really a terrible event for this to happen. And why did it even end up to this situation when it was going so well? But still, praying for the best, for these people to somehow get back what they have lost.

honestly few days ago  i am put sell on around 85$ but unfortunately i didnt hold it and prefer close it when my daily trade fill. before its crashing i am worry if they sell bitcoin to pegged their ust rate . techincally it have reversal sign luna will make deep correction but i dont totally know about correlation ust and luna. from i am read in twitter it said luna attack was structure and set by reputable banker in crypto firm.

It's ironic that there is so much news about suicide but I hope it's just an issue not real news, indeed the level of frustration because of losing Luna is very high but suicide is the worst option to end it, I think in the near future there should be attention from institutions to facilitate repairs the psychological condition of traders who intend to end their lives, they must be motivated to continue living for a better life.

A tweet from binance has updated the status on Luna and UST's resume listings with the BUSD pair, so I don't know the reason behind it all, but there's a pump going on now as if to recover losses from previous investors but I'm not sure resume listing attempts are a good solution when traders suggest removing Luna over from the listing list.

Yes you are quite right, it actually went 100% down and the trading trading pairs were deleted by binance to help save more investors from buying. But currently trading as been restored and price is coming up gradually. I hope the price gets to at least 1usd so i can quickly withdraw my funds.

Coinmarketcap does not display a chart down percentage of more than -100%, while the chart up percentage can be more than 100%. Actually Luna coins have dropped more than 10000% from the previous price. Luna's price has dropped from $100 to $0.0001177 currently.

bullshit with luna i personally think luna project is the biggest scamer in this year because many holders including myself lost money and maybe regret buying damn ust-luna

and there's nothing to hope for anymore
back just 1$ dollar it's a miracle to throw it away

     It's really sad seeing TerraLuna end up like this. I personally see Luna as a great project ever since I heard of it late 2019. And since then I have been accumulating little by little. And despite selling last year on november, I was looking for better entries. I never expected that this would happen. It originally had good utility. Maybe the devs are to blame for some bad decisions but yeah, big investors are to blame as well for pulling out. But then again, these investors have every right to pull out and protect their money. No one really wanted this to happen but there's nothing to be done about it anymore, I don't even think luna will be able to get up from this, sigh..

Lucky are those who bought yesterday at its lowest price and sold it after it pumped early today. They became instant millionaires. Those who took the highest risk took high rewards but my heart breaks for those who have lost most of their funds on it. I'm not sure if it would still recover to reach at least 1$ in the future but I hope those who have lost would move on and recover in other ways.

The truth is that this has been a complete disaster, the youtubers are crazy looking for the reasons why the crash is so impressive, on reddit I saw a crazy person who said that it was just a correction and that they were going to recover to go to the moon lol, the truth is that this got out of control, it makes me think that you have to have total conviction in BTC, any cryptocurrency that comes after this is just a mirage that can fail at any moment, there is no support that can be given, it is what which is commonly called the unsustainable bubble.

I saw a lot of Luna bottom catchers that day but I can assure you that no millionaire will ever be born out of Luna. Many people bought at the lowest price but all know it's lottery game and it's too risky so most people just buy with 10$, 20$ and take profit after that. No one dares to risk spending a lot of money to catch the bottom of the luna, in just 3 days the luna price has dropped tens of thousands of times. This has never happened before with a coin in the top 10 of CMC. With a current total supply of almost 6.9 trillion tokens, luna will never reach $1. Who is thinking it's just an illusion.

Sad to see Terra which is now dropping significantly, it is a big mistake if the founder of Terra made UST by increasing the stock that made investors afraid to hold Terra, it only took less than a week Terra fell from $80 to $0.001, if the founder of Terra couldn't pump again then surely Terra will be lost in the market.

Better try to look at other tokens that have potential, compared to this one token, Luna was only affected by the hype at the time, so she really went up in a fairly short time, no future for this token, it's rare that tokens can deliver returns in chaotic market conditions, and Luna isn't really strong and it's time to leave the token

What are you saying to the hard fork and new LUNA? Will that be a chance to make some profit?  

even the founder of TERRA has now facing some lawsuits bro, I very doubtful in regard of the state of LUNA as of now because even its trillions supply alone already gonna be making it having a hard time recovering back to its former value.
now this altcoin has become fluctuate it literally has become shitcoins, it has no real underlying behind it, even the project on top of luna are all already in the brink of bankruptcy including the dexes, I doubt it could recover back.

This is a big accident that has been felt by many investors and they did not expect that terra luna could decline by 100%, and currently they are in a very big problem and want to replace new coins to get investors interested, and all this requires a process of updating and it takes a lot of time to be able to return to normal and gain the full trust of investors who have harmed them.

it was and that's the sad fact after all. but as of the moment it has a good percentage, imagine 76% green? wherein, seems someone wants to make pumps despite of situation.. It's not normal tbh amd this is the first time i saw a crypto that plunges but it's green and has big percentage. if this is a sign of manipulation for sure there will be more millioner in the future. ;D

https://i.postimg.cc/xdjmc3LL/Screenshot-20220522-224534.jpg (https://postimages.org/)

Is it a good idea to buy some LUNA now??

It wasnt an accident. It was an Exit Scam. Do Kwon closed offices in Korea and deregistered Terra Form Labs a few days before the crash. Trust me bro there are many other evidences for an exit scam

it's common in cryptocurrency because here is full of risk, even if you really believe in coins it may not necessarily bring success in the future, like LUNA which is in the top position even the top 10 in coinmarkecap can still be destroyed now. However, don't worry the Korean government is willing to investigate this matter, Do Kwon as CEO of Terra LUNA is also thinking about how they can be responsible for all this.

I start noticing its downfall when luna was around $58 per token and  gradually it going dump. I bought  luna for cheap as an opportunity
cause i thought its temporary but i was wrong as i was unknown about the reason behind the dump. Then i saw how to was $9...  To $6.... $3.... I bought more and then i sold with loss. Cause i realize that luna is going to end. After that it was thousands percentage down from my sold price lol. And now it can be considered as zero

Depends. If you are a degenerate gambler, any time is a good time to buy anything. If you want to make serious long term investments, then NO. Terra isn't something you should buy. The price of terra can have infinite number of zeros after the coma. That means even though it is down 99.99% from the ATH price, it may go down another 99.99% from here. Just because something fell by 99.99% don't mean it is a good time to buy it.

Try to share other evidence here so that everything becomes very complete for everyone to see and everyone can immediately believe what you say even though for now I have also stayed away from Luna and tokens related to Luna such as UST.

After the attack of Luna and UST, more people are also providing misinformation regarding Do Kwon and Terraform lab and in this kind of situation, we cannot blame them since they have lost a lot of money. There is no news if we saw a lot of FUD and FOMO that connects to Terra.

There is also roaming news that is spreading across the internet that a lot of South Koreans are buying and hoarding more Luna hoping that the value will rise up again. We never know what will happen after the snapshot of post-attack this coming 27th of May and the best thing to do now is to invest only you can afford to lose and maybe it will be worth it in the future.

It is again rising but those who have lost millions in it will never trust it again and you should also be careful while investing in these stable coins as they have shown they are not stable.Most of these coins will go to zero in coming time but people are not seeing it and have short term perspective but hold some good coins for long term which is better.

The Luna team is trying to recover, but it has not yet released a roadmap on what they are trying to do or what they want to do. They decided to make new coins. In that case the current coin is in the market. One thing is clear that Luna is not finished. However, before investing, it must be done with caution.

The increase in Luna's price did not occur during the hype, but when the market was in very good condition, but somehow Luna suddenly collapsed in the market which made her have to increase again by thousands of percent to be able to return to a high price or to a lower price. better price before Luna crumbles.
But because there were investors who were harmed by Luna at that time, it is now very difficult to find new investors who want to trust Luna again.

This is the crypto world can all happen and unlike what we have predicted before, moreover, the LUNA project is one project that is relied on a lot of investment and has the possibility of growing in the future, but what happens is the opposite of the drastic decline that occurs until there is a threat of coin deletion on large exchanges, of course this is a very big panic that we have felt, Hopefully recovery will happen soon.

I have been to crypto since 2016 but I never seen this blue chip coin almost gone to zero value that drastically nosediving and created so much noise in the market industry and made people losing too much money on terra. I saw post on twitter some committed suicide over this and it's unbelievable to bear that few people taken their lives in this industry.

That's what happens in the crypto market. No one ever thought that Luna could experience such an incident and cause many people or investors to suffer losses. This is a valuable lesson for all of us always to be careful choosing coins for investment because there is no guarantee that the coins will last for a long time. But who knows, Luna still has a chance to rise again after what the developer did to provide some important updates to the project. If the developer successfully does this, maybe it can help Luna get a good position. But I still have doubts about it.

Have you ever seen bitconnect? that's pretty similar with what happened on luna, bitconnect was also on the top 10 cmc but this ponzi token was dropping drastically after the founder declared that if bitconnect was a scam. The different thing is if luna was getting fail to repeg its ust and this is affecting the whole of ecosystem. In my opinion if you must aware it doesn't even matter whether that's bluechip or not but as long as there was something wrong with it and it can go down drastically.

Terra was a scam from the start and people are finally starting to realize that. It was hyped by VC and a couple prominent youtubers and these insiders were able to cash out using the Terra reserves before the collapse. Fortunately for retail investors, some projects are offering aidrops to Luna holders, like CandleLabs, and others are poaching developers- both $CNDL and NEAR protocol.

Even if Do Kwan succeeds in realizing all his plans, he will not regain the trust of investors in full to the Terra blockchain. After receiving their compensation, investors will sell UST and buy a more reliable stablecoin, for example, such as USDC and BUSD.

It's normal to not see this coin on the 2016 era because terra coin was only created at 2018 but I think this coin and ust have only started crashing by this year 2022. That means the coins have been performing good for almost 4 years. No wonder why many people have invested huge on those coins because they already feel confident.

It may be unbelievable to you or to some to think that some take their lives only because they lost their investment on terra and ust but that things do really happen. There are even commit suicide without even losing anything on investments but they are just depressed. There are just people that are highly sensitive.

Here you can read about hte dissolving
https://cointelegraph.com/news/court-documents-reveal-do-kwon-dissolved-terraform-labs-korea-days-before-luna-crash

After the collapse that happened to Luna, I think it will be very difficult to get investors to believe again in the project because even if the developers from Luna will do something positive that will have a positive impact on Luna's price, it will definitely not work in the near future at least it will probably take some time a bit longer especially now that Luna's coin supply has increased by a large amount.

I don't know and am not sure about that because as you said, the investors lost their trust in Luna after the big crash, making them lose big money. But your scenario makes sense because the investors want to recover their loss from Luna by selling the compensation, but I am not sure if that can cover the loss. It is still a mystery for Luna and a big question to us if Luna can regain investors' trust with the upgrade of the project. So let's wait and see what will happen to Luna.

This is crypto. When you are doing wrong with your project and this can be a disaster for your project that can make the price to go to the zero easily. The crypto market was very volatility and mostly of projects already build based on the trust with the users. I would not be surprised the big project can worth zero value like this. This is not the same like the stock market. This is open market when anyone can do anything for their investment.

Then it will be very risky investment because of you know luna is pump and dump coin at the moment, and i see a bad news something like that korean police will go to stop luna foundation. But it’s depend on you, if want to short term investment then you can invest small amount of money but never hold it for the long term then high possibility to vanish your money.

There has been a lot of bad news about Luna recently about the investigation of the case of losses from UST but until now the news has not been proven to be verified, because Do Kown is still active for the Luna V.2 program without the facts of arrest as reported in many news. So actually the news can affect Luna coins directly because its movement is very sensitive depending on the updates of any news on Twitter and Luna official group.

We must be aware of the basics of volatility in the crypto market because anything can happen unexpectedly, the Luna coin has increased drastically before the bulls so bad things have happened if the price will return to a lower price, if the team is not prepared to anticipate something that could happen outside of market analysis.

Unfortunately for all of those that invested in Luna it is too little too late, it does not matter what kind of changes are made to the coin, it is never going to recover, Luna is without a doubt going to leave a mark that it is going to be impossible to erase from this market but unfortunately it is not going to be in the way they wanted, from now on when people think of a scam or a failure in this market they will immediately associate those words with Luna, making any recovery impossible in the process.

I don't believe terra luna from the first time it was said to be a scam, because I saw this coin having a very impressive growth where the highest price of $44 was ever reached, have you done research on TERRA LUNA before, why do you say terra luna is a scam?,, , but before this accident happened many people had benefited from luna, even though in the end this coin sank to zero, but at its core terra luna was not a scam from the beginning of its existence.

Mathematically not 100% but generally it can say 100%. Not only it turned into zero but also it make people zero who trusted and invested with luna. Even still it going below but i wonder some people still is in hope that It'll recover or atleast go up. But thats not possible anymore. Luna is now luna classic, is end. Team are busy to development their new luna but who will trust them again!

Ithink not going to zero buy new luna and hold it wait for the bullrun and soon luna will hit 200 usdt soon again. Also hold lunc soon it will good like ethereum classic

Terra was a scam from the start. Anyone who did some research could see that it was unsustainable. I'm glad I put my money in FTM and CNDL. FTM is starting to recover in price and CNDL didn't get affected by the market dump. I'm also buying MATIC at these prices and I hope you do the same.

I believe that even if they manage to fix the issue that caused them to go down, the nature of the market is if people sell, the price goes down. So, they can't fix that and I believe that there will be ton of people who will end up selling as soon as they get it, which makes it a reasonably horrible idea.

This is why I believe that we should be focusing a bit more towards making something of worth, and not something that will be recovered too easily neither because they are going to suck again. Why would anyone care about their word anymore, their word means zero to people, and all these new stuff BS will end up on their face for sure.

This has never happened before, this is really the biggest shock I have ever seen in the market. Luna's crash was worse than a shitcoin. I'm sure no one would have expected it to happen to a market leading coin like Luna, this only happens with shitcoins.

even though LUNA is currently in a very crazy polemic, but I didn't see this coin a scam from the start, but I saw that the coin was very consistent where its development from time to time experienced a significant increase, and there have been many big profits for the holder, but this year the LUNA collapse really occurred where the price of LUNA fell almost 100% which made the holder make the lost.

That is quite doubtful for the new luna to even having reach that high price point, lets be real $200 is kinda hard if the current new luna hardly retaining its first listing value, it has go down literally 60% the first day it got listed, meaning that there is less anticipation from the masses.
even LUNC just gonna be another shitcoin, I mean even meme coins like doge at this point is better than LUNC, at least with doge you got elon musk support unlike LUNC it's literally floating away and maybe gonna gets delisted from various exchange soon.

It looks like the CEO of terra is very wise to have created a folk coin that will continue from where terra stops. The team had made there biggest mistakes and I know many investors do not have concrete trust in the project again. Many Investors are still waiting for the right time to take their profits and leave the market before the whales will finally dump it again.

Profit for what? majority of investors are loosing a lot. they were not even getting profit from what they have been holding, the scalpers were who already taken huge profit from the dump of terraluna. This can be said that when you are seeing a huge crash and this will become a very bad thing for the future even when the developers intention to release bunch of tokens to the market but yeah this is how crypto trust is working right now.
once you find that if developers were doing shady thing and this will make you become a very bad thing.

He might be talking about seasonal investors, those who pay close attention to the Terra market and make a lot of money. Anyone investing in Terra 2.0 should get out as soon as possible before they rug pull the entire amount. As a result, developers had done shady things, investors had lost their trust, and being too closely connected could leave you alone. Keep yourself safe by staying away.

Investors are just waiting for a return on the capital they used to use on Luna, because I think it's very difficult to make a profit on Luna now, especially since the market support is not good, as well as support from investors. So I think taking the authorized capital and leaving Luna is a very appropriate option instead of having to wait for profits to come through Luna again because the potential for disposal is still much greater for Luna.

Cryptocurrencies always involve high risk. Therefore, such disasters are always potentially present in this market. We may see other coins going from a hundred dollars to plenty of zeros. But the Luna incident has already gone down in history. I think this sad result will be talked about for years as a crisis. Therefore, we need to stay away from algorithmic stablecoins a bit. They are not providing a reliable enough service for now.