Waves have been on the market for a long time so there are loyal investors who are willing to buy and hold waves. Luna, on the other hand, is a new coin with a lot of promise but right now no one wants to buy it. I do not think there will be another instant death from the top 100 cryptocurrency
yes you are right, after all the case of luna and UST are different. their main problem is the absence of a real 1:1 backed. from the start maybe UST didn't have backed, and that's why when there was a big selloff they couldn't return the peg. in the end it's a real ponzi project, made for just a moment's profit.