What happened fellas

@_001 get him

#Ethereum

I mean it's damn near a $1, ima throw 50 into today and see what happens

Maybe 100

Free money my god

Ok now it's time for it to go back up

This is actually depressing

Please sell before it's too late

Why couldn't it be me to turn $50 into 600k

ponzi that goes to 0

I will turn 600k to $50 instead

Lol can someone explain what happened to luna

Is the fall mostly caused by Terra?

I mean, is Terra the reason everything else took a dive or was it stocks bleeding?

Terra was backed 1 to 1 with Luna but too many people exited UST at once causing Luna to go hyper inflationary and send the price to 0

UST unlike all other major stablecoins was backed by the supply of another coin instead of pools of Debt and it worked fine for a few years but failed and caused a bank run / death spiral.. many saw this coming

Now they have to take all the leverage out and make a boring normal Stablecoin, Luna could go sub 1 penny as they try to peg UST

nah stock market sinking inflation too hot

STOP SELLING