Holy Crap ! Terra is gone to zero ?!?!

[Len Saldua]

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

[Metroid]

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.

[Len Saldua]

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...

[Metroid]

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.

[Saisher]

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...

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.

Hi everyone,

As mentioned earlier, the team is hard at work in a war room for the last 4 days.

Our number one priority is to put together a plan and communicate this to you.

Given this unprecedented time, there is a huge volume of messages that we have to go through. We will consolidate information and put out announcements to assist our users on Discord and Telegram.

[Vatimins]

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

     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.

[bitkanu]

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

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.

[zasad@]

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

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

[bittraffic]

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.

[Z390]

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.

[kryptocanon]

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.

[zasad@]

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.

[usekevin]

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.

[Maestro75]

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.

[Jackl87]

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

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.

[Ryu_Ar1]

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

[JahriMeayer]

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...

[evichi]

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.

[Tenger]

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

[jossiel]

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

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.