LUNA

Apprehensive_Risk235

Hey man.. i rode this out right along side ya.. i locked up my BTC and ETH from the DOGE days in BlockFi. Pulled it 2 weeks ahead of that mess...Only to loose all my ETH holdings -swapped for ATOM and pooled in LUNA- Held through the winter, bought the dip, and the dips dips, snt then the 20s... I cant hate on ya... I do think the landscape changed tho...( [shameless self promotion](https://thecornreport.com/bitcoin-this-isnt-a-bubble-its-a-transition/) ) which is why Im not buying my truck and instead did that website...Regardless. Its hard to pull profits, especially so if youve been here through all the falls and then months of sideways bleeding...

kipha01

Only if a similar combination of fuck wittery occurs, LUNA, FTX, Ukraine.

Apprehensive_Risk235

I got out of BlockFi 2 weeks b4 they shit the bed… just to start LPing in LUNA lololol…

Blooberino

First heard of it on 4chan when people were posting their public addresses and testing out sending dozens/hundreds of BTC back and forth to test it out. The miner sounded like a shady download, and since it was 4chan, I assumed it was a virus for the lulz. Then I head about silk road. Tried it out. Satisfied customer. Completely lost the wallet I used. Didn't care about BTC or even consider it as having price potential. Small investing in 2017. Got the usuals over the following years... ALGO, XNO, VET, XLM, ZEN, WAVES, ZRX, QTUM, LUNA.... Real investing began in 2021. If only I had just bought BTC instead of all the shitcoins. I would probably be set.

PlanetRekt

LUNA was not bitcoin and MSTR is bitcoin

Every_Hunt_160

People who think MSTR are too big to go bust reminds me of Do Kwon back in the day LUNA was a number 5 crypto by market cap back in the day and Terra Foundation had a top 10 ‘Bitcoin reserve’ in the market right before it went straight to zero lol

biba8163

In crypto, there is Smart Money and Dumb Money. **Smart Money** 1. Buy BTC 2. Chill 3. Profit **Dumb Money** 1. Read Whitepapers spending countless hours researching the best tech projects 2. Read about "DeFi" protocols (Not Finance in any way, essentially shitcoin casinos) 3. Research which platforms have locked the most TVL (scamified metrics based on scam tokens locked up to make gullible fools believe real capital is locked up instead of vaporware scam tokens.) 4. Research Hocus Pocus Oracles (magical oracles that will have Data Containers containing a Unified Golden Record will know within seconds everything that's happening Off-Chain in the Real World like what is the status of the real estate? Are there any tax liens? Is there any debt? Change of ownership? As the status of the real world asset changes, you should have a real world update to the on-chain token LOL sounds really good if your are gullible) 5. Research Web3.333 (Vaporware Decentralized *"Web"*) 6. Research Interoperability (All the scam chains need to be able to communicate with each other riiiight?) 7. Lose Money *Dumb Money doesn't really understand why things go up and start believing it was because of the tech.* **Kaspa** (August 2024) > The reality is that if you have: > - A tightly controlled supply > - Limited availability and liquidity on big exchanges > - A narrative the crypto world likes > You can have relatively new and small marketcap coins that can continue to pump until they reach big marketcaps that are not supported by liquidity. This is exactly why you have all these new meme coins that have pumped. This exactly why you saw a coin like Nano pump to $36 in 2018 when it wasn't available on big exchanges. > At some point reality will hit. I am not saying that Kaspa can't go much further. **I am saying that at some point it'll be time to pay the piper because Kaspa hasn't pumped based on usage, adoption or utility but rather on narrative, lack of liquidity and a tightly controlled supply.** https://np.reddit.com/r/CryptoCurrency/comments/1f4hg0v/daily_crypto_discussion_august_30_2024_gmt0/lkp24b0/ **NANO** (June 2019) > I really think **Dec-Jan as the perfect storm for Nano**/Raiblocks. Bitcoin had reached the peak of the bullrun and was starting to dump and people were chasing profits in every shitcoin out there with money they had just 15-20X. Also, there was constant press and news about Bitcoin high fees and slow transaction times. Suddenly you have a crypto that has zero fees and is instant. People buy it and the price only goes up because there is zero liquidity due it only being available on 2 shitty exchanges. Lack of liquidity hurts when you dump but can pump the hell out of price when there is demand.....I don't know if/when it'll take off again. But to hold a large percentage of your portfolio **hoping this will suddenly boom like it did in the perfect storm scenario is foolish.** https://np.reddit.com/r/CryptoCurrency/comments/c1v9or/daily_discussion_june_18_2019_gmt0/erg19v5/ **ETH** (February 2025) > I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > **BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment.** Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. > **BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money** > **It was a perfect storm.** https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/

DryGeneral990

Everyone thought it would go to zero like LUNA

babblefish111

Buying LUNA and UST. UST in anchor protocol would be a good place to keep my spare crypto as it was a stablecoin and wouldn't fluctuate in value. I thought. (Seems such a long time ago now)

First-Structure-2407

Not cashing out on $LUNA and buying shit counts instead of $BTC

bogeypro

Hot Tip LUNA, gonna be huge /s \*Not financial advice\*

writing_all_day

Yeah, and they probably won't peak again until 2027. In EOY 2017/early 2018, Ethereum ICOs were the notable alt run killers, with a side of Bitconnect and OneCoin pulling billions out of the market. In 2021, it was unsustainable yield farming, the FTX failure, and LUNA. In 2024/early 2025, it was meme mania, Hayden Davis-powered rugs, trade wars, and actual wars.

BigMassivePervert

Fidelity has wallet transfers? I didn’t even know they offered crypto. I’m blown away at the progress of crypto. It wasn’t too long ago I was long LUNA.

Illustrious-Boss9356

Because alts are ponzis. They make their founders rich. Look at Vitalik, Hoskinson, Justin Sun, I could go on... (and btw those are the "good" altcoin projects) don't get me started on tokens like LINK, LUNA, Sushi Swap (remember that? Be your own DeFi Chef?), Dogecoin, etc. Who does Bitcoin enrich? THE COMMUNITY. You guys missed th point because of greed.

noviwu97

LUNA is just one of the factor. The primary reason most people avoid alts is how VCs and Devs kept dumping on them throughout the 2022/2023 bear market (because of the unlock) and without showing any progression.

bottatoman

Ripping you off. If you want a stable that actually has utility go with the algorithmic ones like the HBD backed by HIVE which has a haircut ruoe preventing what happened to that trash of LUNA.

josephkelley7926

Ever hear of LUNA? The dollar is a little worse than that

GreedVault

i have got to give credit for TRX resilience. Think about this: LUNA, FTX and the companies behind them almost collapsed, yet TRX and Justin Sun are still standing. No jail time either, while even CZ ended up behind bars for 4 mths. Throwing a few bucks into it might be fine, but personally, I wouldnt invest a single cent, I just don’t like them as a whole.

Harucifer

Yes, as we can infer from the TERRA/LUNA fiasco. Very safe.

Miljenko-i-Manjina

Isn’t that how Luna collapsed? They had LUNA token as a leverage against their “forgetitsname” stable coin. All the fear aside, imho USDT passed a point where it’s just too big to fall.

sigstrikes

the man who famously talked about how LUNA/UST was 'risk free'

bottatoman

USDT is a scam that could implode but the strategy is good, just use algo stablecoins like HBD, backed by Hive, there’s an haircut rule coded into the blockchain so don’t worry about any LUNA moments.

Scottex99

Send addy again. I'm gonna send it on Arb One and hopefully it gets burned and lost forever. Meh, *So much* based on what metric? If you're pissing about with a few K on some weird LP pools making 3 figure APYs then you've got impermanent loss or hacks to worry about. If you're staking on a CEX then you've got counterparty risk. I've made plenty of passive income from my bags already and also lost a chunk on Celsius and got killed by LUNA, although I was up like 50x anyway. BTC shoved in cold storage for 10 years is more than likely going to be the best play

ZookeepergameOk8767

It’s quite something, looking back on how we all got swept up in the Bitcoin wave. I remember learning about it freshman year in Philly, back in 2016. We watched 'Rise and Rise of Bitcoin' and, like a lot of folks, thought it was more of a curious anecdote than anything else. We even had to write a paper on it. We all knew about that first big peak, around $17,000 in 2017. I suppose universities like MIT and Penn eventually put out more formal materials, but honestly, who among us consistently followed it? Our interests, as they do, tended to shift. I dipped my toes in properly around 2020 or 2021, using profits I'd made from the Chinese new energy stock boom. Bitcoin was about $3,800 USDT back in March 2020. A younger friend of mine, still in junior high at 17 but with his father's backing, went all-in around that price and made his first million USD. He cashed out at $35,000, thinking $50,000 was an impossible dream. Of course, we all saw it touch nearly $70,000 in 2021 before tumbling, and now (as of June 2025) people are throwing around numbers like $110,000. That same friend, after his $35k BTC sale, poured it into Bilibili, lost half, then supposedly made around $10 million betting on TQQQ futures, only to lose a chunk of that again. It’s a dizzying ride for anyone. And then there were the personal stings. The big crash on May 19, 2021, hit me hard. I sold my LUNA tokens at $4 USDT – a decision that haunted many when it shot up to $100 later that year, only to become virtually worthless after that. You hear these wild stories, right? The kid who turned a small sum into millions, the early adopters who got 5 BTC just for registering an account, or those who apparently bought Bitcoin on AliExpress way back in 2011. But the common thread for 99.99% of them is that they sold at some point – $5,000, $35,000, $70,000 – probably thinking the next buyer was a fool. Let’s be honest, talking about all these 'what ifs' and 'could have beens' is mostly just noise. It's tough to sleep soundly when you’ve got real money tied up in something so volatile. It truly is as risky as gambling in Las Vegas; very few people genuinely know if it’s going up or down. We all knew Justin Sun came out of Penn, and Penn had a reputation for being ahead on cryptocurrency, and we had prominent figures discussing it. But how many from that circle truly reaped sustained rewards from these investments? Not many, I'd wager. The truth is, you’re only likely to make significant money, or lose it without it breaking you, if you’re already wealthy enough not to lose sleep over a $10 million investment made through an app, and then you forget about it for a few years. Otherwise, you’re constantly on edge: who’s getting elected, which country is banning crypto trading, the next 'May 19th event,' and so on. You end up selling at a loss, or with a small gain that hardly feels worth the stress. I was a rookie trader myself and called it quits by the end of 2022. Some friends were just getting in around then; I can't say if they've won or lost. I’ve got a real business to run now. It doesn't offer explosive profits, but it brings in a stable $150,000 in cash, after taxes, to my account each year. So, when you hear these incredible tales about crypto fortunes made or lost, especially when the market is surging or crashing, take them with a hefty grain of salt. Dwelling on those kinds of dramatic stories – the ones that aren't really your reality or offer no practical lesson for your own situation – doesn't do much good. The real takeaway isn't about the spectacular narratives you hear; it's about understanding your own risk tolerance, focusing on what’s tangible for you, and perhaps realizing that relentless greed, as appealing as it sometimes sounds, might not always be the best guide."

CortaCircuit

I believe we would have hit $100k if we didn't have FTX, Bkockfi, Celsius, LUNA and fed rate hikes all at the same time... 

biba8163

> That same Raoul Paul? This is the problem with crypto influencers. They generally become scammers. Raoul Paul went from saying, Bitcoin will go to over $1,000,000 and "It May Not Be Worth Owning Any Asset Other Than Bitcoin" https://www.youtube.com/watch?v=qL2LfVRl3J0&lc=UgyGXvIAJIMp6smyXfN4AaABAg.9F0Fy34gBfq9FEbbWCfnHg To shilling ETH and saying it will vastly outperform BTC in the long run. Then to shilling SOL. Then saying LUNA was THE investment opportunity of a lifetime and basically risk free money. > Staking Luna is basically risk free https://www.youtube.com/watch?v=KiYkiIjPIqU

Skyobliwind

Well the funds inf the form of "amount of token x" are safe on a cold wallet. But in case of sharp drops in value of that coin due to bad news or a so called black swan event (largest LP provider being hacked actually is quite bad), it doesn't really help to have your x amount of y saved if the value of y is 0 😅 take LUNA for example or stuff like Safemoon...

Swimming_Copy3485

This sub also loved LUNA way back when.

piggleii

FTX used other people's crypto, the dev is selling his own ETH that he has a right to sell. Who knows what really went down at LUNA, but it was pretty sketchy.

Fear_Blind83

Bullish on FTT, LUNA & Safemoon 🤪😂

biba8163

> you couldn't scroll one comment...I don't even know what point you are trying to make here. You're comments are all over the place showing you lost money or got scammed on one shitcoin after another. My point is that you're basically a shitcoin tourist, visiting scam destinations, losing your money and then claiming you made off like a bandit after some shitcoin pumps, saying I told you so. > *"Is LRC worth buying still?"* > Nah. Too much risk for too little reward. **A lot of better stuff to invest into. LUNA, FTM, DOT, SOL, MATIC** etc. Hell, even just BTC. https://old.reddit.com/r/CryptoCurrency/comments/s84kul/daily_discussion_january_20_2022_gmt0/htiwfpa/ > Can't believe I missed Luna at $63. Fuck me. https://old.reddit.com/r/CryptoCurrency/comments/s05h6y/daily_discussion_january_10_2022_gmt0/hs039za/ > SOL, DOT, Matic or FTM. Though FTM might be a bit overbought at the moment. I'm dumb and this isn't advice. https://old.reddit.com/r/CryptoCurrency/comments/s46hnr/daily_discussion_january_15_2022_gmt0/hsp9s3p/ > Bought my first sol at 200. 🤡 https://old.reddit.com/r/CryptoCurrency/comments/spkjnk/daily_discussion_february_11_2022_gmt0/hwjmgrd/ > Shorted Sol at 34.88. Closed my position at $32.16. Fuck me. https://old.reddit.com/r/CryptoCurrency/comments/yp9scs/ftx_token_ftt_just_dumped_25_400_million_in/ivi7gj2/

Elibroftw

At one point TERA and LUNA had the "biggest community"

Historical-Outside-1

And the particles were destroyed nanoseconds later. Imagine the max price chart for Terra (LUNA) condensed into a few nanoseconds. The value of those lead particles would look something like that.

CryptoAd007

Intentionally or Unintentionally you skipped the biggest fraud he did. With bought BTC with community fund generated out of UST and claimed to use it to collateralize UST. But, when UST started to destabilize and LUNA started to spirally fall, he tried to use the BTC stash to save LUNA without community vote! WTF? LUNA was never a stable coin, but UST was. Why would you market dump a community owned collateral to back up another asset to save yourself and your friends? Can Saylor market dump Strategy's BTC holding without taking permission from Strategy share holders? I lost my life savings in UST and now waiting for the claim refund. I know the backstory in depth pretty well. DK is a criminal who destroyed my life savings and should rot in jail.

GreedVault

Good old times. I wonder how the guy who got "LUNA" tattooed on his arm is doing now...

GreenStretch

Thank you for looking at it. I've tried owning all these coins over the years with the exception of the stablecoins (tried sending between exchanges a few times, but the fees were higher than other options), BNB, and one very lucky chance. Coming out of the 2021 cycle, "which of the top ten coins should I buy, AVAX with the groovy Turkish guy or LUNA, pride of Korea?" Thankfully, I picked AVAX.

TheWorldsStage

I loved LUNA. So glad I sold it all at $80 though lol

OneEntrepreneur3047

SOL, ADA, LUNA, DOT, AVAX, DOGE, BNB all saw over 2.5x in a few months in 2021. SOL alone saw an 6x from June to September. And obviously who can forget DOGE did something like a 14x in the first half of the year. Hell BTC did a 2x from summer to October in 2021. I somehow doubt you’ve been actively participating all this time if you don’t know just how quickly things can jump.

biba8163

I've said, 2021 was probably a perfect storm for ETH's parabolic move. > I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. > BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money > It was a perfect storm. > https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/ Another factor I forgot to explictly mention was staking. My thoughts on staking and locking tokens in DeFi, etc is a complete scam. It's a false hope to gullible investors to lock up tokens to stabilize and/or pump prices while the insiders and founders dump premined tokens that they got for free. Here is my comment from 2022 > 320,000 out of the 400,000 ETH valdiators locked their funds after ETH started reaching ~$2,000 since February 2021. That is roughly ~10 Million ETH that are close to half or less when they were locked. Worse millions were locked away when ETH was $3,000 to $4,500. > Meanwhile the Ethereum Foundation cashed out 20,000 ETH at an ATH of $4,600 on November 11, 2021. Investors essentially gave away their keys and said they'd be happy to hold bags while the Ethereum Foundation cashed out ~$90 Million. https://old.reddit.com/r/CryptoCurrency/comments/vetn0v/daily_general_discussion_june_18_2022_gmt0/ictl4gx/

biba8163

> I have learned to be bullish when the overall sentiment is bearish in this sub and reddit as a whole. Are people really this dumb? Do people really believe that basing your investment thesis on inversing /r/cc and buying a failing investment is smart. You know what they say about fools and their money... > ######"Why I'm shorting Luna" > *"I guess its time to buy LUNA!"* > **Do the opposite of what the sub's users say!** https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/ > Decentraland is a dead https://np.reddit.com/r/CryptoCurrency/comments/qxogsc/decentraland_is_a_dead_metaverse_and_youre_gonna/ > Is Cosmo Atom a dead project? https://np.reddit.com/r/CryptoCurrency/comments/1cc1y3a/is_cosmo_atom_a_dead_project/ > Is Brave/BAT officially dead? https://np.reddit.com/r/CryptoCurrency/comments/18z5jb9/is_bravebat_officially_dead/ > [Serious] OmiseGo: Is this coin dead? https://np.reddit.com/r/CryptoCurrency/comments/11nbl5p/serious_omisego_is_this_coin_dead/ > I thought REQ was dead? https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ > Loopring (LRC) - Is it "Dead"? https://np.reddit.com/r/CryptoCurrency/comments/tiyxg5/loopring_lrc_is_it_dead/ > DOT, feels like it’s been abandoned https://np.reddit.com/r/CryptoCurrency/comments/1grko67/dot_feels_like_its_been_abandoned/

biba8163

> *"Why I'm shorting Luna"* > I guess its time to buy LUNA! > Do the opposite of what the sub's users say! https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/ > Decentraland is a dead https://np.reddit.com/r/CryptoCurrency/comments/qxogsc/decentraland_is_a_dead_metaverse_and_youre_gonna/ > Is Cosmo Atom a dead project? https://np.reddit.com/r/CryptoCurrency/comments/1cc1y3a/is_cosmo_atom_a_dead_project/ > Is Brave/BAT officially dead? https://np.reddit.com/r/CryptoCurrency/comments/18z5jb9/is_bravebat_officially_dead/ > [Serious] OmiseGo: Is this coin dead? https://np.reddit.com/r/CryptoCurrency/comments/11nbl5p/serious_omisego_is_this_coin_dead/ > I thought REQ was dead? https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ > Loopring (LRC) - Is it "Dead"? https://np.reddit.com/r/CryptoCurrency/comments/tiyxg5/loopring_lrc_is_it_dead/ > DOT, feels like it’s been abandoned https://np.reddit.com/r/CryptoCurrency/comments/1grko67/dot_feels_like_its_been_abandoned/

jonnytitanx

Until it isn't... eg, LUNA.

ScarredCerebrum

Hey, he's still lucky. Had he been a BitConnect or LUNA holder, he'd be requesting euthanasia instead.

kylehawk

100% the only one anyone can confidently say will be around. Just go look at the top 10s from past bull runs. EOS, NEO, LUNA. All gone on the wind

biba8163

Reminder ETH moves because it's a shitcoin casino with leveraged buys. Pretty much like LUNA. When the shit hits the fan, it's cascading liquidations in your face. I've been warning people about this... > Ethereum is a gambling shitcoin casino and a ton of its value is a mirage derived from stacking on-chain leverage in places like AAVE, Maker, etc. and when the shit hits the fan, you can have cascading ETH liquidations to reveal the ugly shitcoinery lying underneath https://np.reddit.com/r/CryptoCurrency/comments/1igbo84/daily_crypto_discussion_february_3_2025_gmt0/maodhx3/ ...mETH Heads are just starting to discover this. > The absurdity of meme coins like BTC and XRP, and their apparent "market caps" are borne out by their own lack of volume. In the past hour ETH cex liquidations are the same as BTC (x8 mcap), and exceed XRP by a staggering 88x (lol). Just goes to show what a meaningless metric mcap is. > *"That also can mean most ETH buy is on leverage, not spot if it is so easy to fall"* https://np.reddit.com/r/ethereum/comments/1k46i01/daily_general_discussion_april_21_2025/mocyfhr/

Armed_Muppet

Solid hall of shame for you. BitConnect OneCoin SafeMoon Squid Game Token Terra LUNA Centra Tech The DAO PlexCoin PayCoin Coinye Trump List Nem/xem

CryptoMemesLOL

Yes, I remember very well, that is when I bought some LUNA, FTX, CEL

Hungry-Class9806

Gary Gensler wasted public resources pursuing baseless legal battles and did nothing to stop FTX and LUNA scams despite all the red flags. And now he cares? Fuck him.

Every_Hunt_160

That is actually hilarious, returning BTC with Eth lol At least they didn't return it with LUNA or FTT tokens

OppositeBumblebee914

Clearly it’s LUNA /S

critiqueextension

The recent crash of MANTRA's OM token, which saw a 90% drop in value, was primarily driven by a cascade of forced liquidations and a highly centralized token supply, with 90% of tokens held in a single wallet. This situation mirrors the collapse of LUNA, highlighting the risks associated with thin liquidity and concentrated ownership in cryptocurrency markets. * [MANTRA's $5.4 Billion Crash: How Supply Control Led To Disaster](https://www.forbes.com/sites/aliceliu/2025/04/14/mantras-54-billion-crash-how-supply-control-led-to-disaster/) * [Nomura's Laser Digital Denies Involvement in Mantra Crash](https://www.coindesk.com/business/2025/04/14/nomura-s-laser-digital-denies-involvement-in-mantra-crash) * [Mantra bounces 200% after OM price crash but poses LUNA-like ...](https://cointelegraph.com/news/mantra-om-price-crash-bounces-200-luna-risk) ^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)

biba8163

Smart Money Inverse Reddit > ######"Why I'm shorting Luna" > *"I guess its time to buy LUNA!"* > **Do the opposite of what the sub's users say!** https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/

bizaroo933

Isnt it just very dumb what dev of MANTRA did? Didn’t he see what happened to the owners of LUNA and FTX? This rugpull will lead to jail.

coinfeeds-bot

tldr; Mantra DAO’s OM token experienced a historic 95% crash, wiping out $6 billion in value within an hour, marking one of the fastest collapses in DeFi history. The drop, attributed to liquidations on centralized exchanges during low-liquidity hours, raises concerns about the DAO's financial stability and trust in DeFi. Speculation surrounds large token transfers and investor actions, with Mantra denying involvement. The crash highlights vulnerabilities in decentralized finance, echoing past collapses like Terra LUNA, and leaves the future of OM uncertain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

midnightsock

Even then its not even remotely similar. Luna tanked because it correlates to UST (US pegged Terra) This is explained in a little detail on [wiki](https://en.m.wikipedia.org/wiki/Terra_(blockchain)#:~:text=In%20May%202022%2C%20the%20Terra,the%20company%20filed%20for%20bankruptcy.). Tldr: mass withdrawals from anchor led to UST de-peg. To balance ust back to $1, LUNA needed to be sold. As consumers lost more confidence, more ust was shifted to other stable assets, and in response MORE luna was sold. Large parts of this is also automatic, luna is sold to balance ust back to peg. Completely different to mantra aside from price action

coinfeeds-bot

tldr; Mantra's OM token rebounded nearly 200% after a 90% crash, following allegations of a rug pull scam. Co-founder JP Mullin denied the claims, attributing the crash to forced closures by centralized exchanges. Despite the recovery, skepticism remains due to the project's tokenomics changes and parallels to Terra's LUNA collapse. Analysts warn of potential further declines, with OM's structure resembling a bull trap. OKX CEO labeled the situation a 'big scandal,' and further reports are expected. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Eurothrift

A la LUNA la LUNA…..

1millionnotameme

More like a mini LUNA lol

luckyknight216

$LUNA Part II.

PanicDry

If 5 billion disappears in less than an hour you can be sure someone will look into it. It gives off some serious LUNA vibes.

partymsl

Very similar to Terra LUNA lol. A crypto that was massively overperforming even BTC and then suddenly collapses to zero.

biba8163

> ######"Why I'm shorting Luna" > I guess its time to buy LUNA! > Do the opposite of what the sub's users say! https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/

princemousey1

I need them to use CRO and LUNA, please.

keep_grinding1

LUNA

Arabing

I thought this was known like since LUNA crashed or I’m missing something?

coinfeeds-bot

tldr; Researchers from Queen Mary University of London have uncovered evidence suggesting a coordinated effort by a small group of traders to cause the $3.5 billion collapse of the TerraUSD stablecoin and its partner currency, LUNA, in May 2022. Using advanced mathematical tools and trading data analysis, they identified unusual patterns where five or six traders dominated the market, likely shorting TerraUSD to profit from its failure. This research highlights the potential for mathematical tools to enhance transparency and security in financial systems. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

TapAccomplished3348

They bought LUNA. They clearly don’t do much reading or risk analysis 😂

schizophrenicbugs

I'm with you. I sold 2/3 - 3/4 of my LUNA like 2 weeks before the crash due to sheer, dumb luck. It was quite a few thousand. I lost a couple thousand in the crash, but all I could feel was how lucky I was I had sold the rest (at a profit.) I still have that LUNA in my binance account as a reminder to not be a greedy dumb fuck.

fotank

What I don’t understand is how a system like LUNA doesn’t create a fail safe for this exact eventuality. I mean a simple circuit breaker style function comes to mind. Is that just too big a scale to program? What am I missing? Is it all hubris?

StrikingExcitement79

This is the one where the founder practically invited people to attack the TerraUSD-LUNA peg?

ScarredCerebrum

Oh man - TerraUSD and LUNA hitting rock bottom. Evergrande crashing, burning, and taking the whole stock- and crypto markets with it. Those were the days.

ScarredCerebrum

>The team's analysis revealed that on key dates, just five or six traders accounted for nearly all the trading activity, with each controlling almost exactly the same share of the market. This level of coordination is virtually impossible by chance in a normal trading environment and strongly suggests that these individuals were working together to trigger the collapse. It proves what people were already saying back when it happened in May 2022: that this was a financial attack, with the purpose of destroying the Terra-LUNA ecosystem. But the question remains, though - who might be responsible? You need a loooooot of money to pull something like this off.

biba8163

Number 1 advice on r/cryptocurrency has always been "Just buy and hold BTC". NOOBs think every shitcoin rises from down -95% to pump 20X just because SOL did. /r/cc and crypto sentiment is right on this almost every single time when coins are declared scams or dead. > Look at all the paid shills in here, the ripple marketing campaign has no limit to where its paid shills pop up. We're talking about a token which is utilized by literally no institutions, is fully centralized, closed source, printable, all nodes owned by ripple, and vast majority of supply owned by ripple (which has a team full of bankers), only to be sold or distributed at their will. (January 4th, 2018 XRP $3.20) > The more I see these regarded anti-Ripple FUD posts on this subreddit the more I laugh. Please, by all means, sell! > i bought more after reading this https://np.reddit.com/r/CryptoCurrency/comments/7o6u64/sold_my_all_ripple_after_reading_this_just/ > *"Why I'm shorting Luna"* > I guess its time to buy LUNA! > Do the opposite of what the sub's users say! https://np.reddit.com/r/CryptoCurrency/comments/tlxerl/why_im_shorting_luna/i1wbj60/ > Decentraland is a dead https://np.reddit.com/r/CryptoCurrency/comments/qxogsc/decentraland_is_a_dead_metaverse_and_youre_gonna/ > Is Cosmo Atom a dead project? https://np.reddit.com/r/CryptoCurrency/comments/1cc1y3a/is_cosmo_atom_a_dead_project/ > Is Brave/BAT officially dead? https://np.reddit.com/r/CryptoCurrency/comments/18z5jb9/is_bravebat_officially_dead/ > [Serious] OmiseGo: Is this coin dead? https://np.reddit.com/r/CryptoCurrency/comments/11nbl5p/serious_omisego_is_this_coin_dead/ > I thought REQ was dead? https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ > Loopring (LRC) - Is it "Dead"? https://np.reddit.com/r/CryptoCurrency/comments/tiyxg5/loopring_lrc_is_it_dead/ > DOT, feels like it’s been abandoned https://np.reddit.com/r/CryptoCurrency/comments/1grko67/dot_feels_like_its_been_abandoned/

coinfeeds-bot

tldr; Researchers from Queen Mary University of London have uncovered the mechanisms behind the $3.5 billion collapse of the TerraUSD stablecoin and its associated LUNA currency. Using advanced mathematical techniques, they identified suspicious trading patterns suggesting a coordinated attack by a small group of traders. These individuals controlled nearly all trading activity, destabilizing the system. The study introduces new tools for analyzing cryptocurrency markets, offering insights for regulators and investors to mitigate risks in the volatile crypto space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

TexasBoyz-713

I personally started to believe we were entering a bear market after the LUNA crash in May 2022, with full confidence by the FTX fiasco. My feelings are not the same as they were back then, that may be in part because I am up a lot from buying BTC that whole time period, but I can say the space has completely changed since 2022. Alts don’t have the ETF’s and institutional interest that Bitcoin has, so we can’t expect things to play alike.

kenzi28

Accurate. He was a huge LUNA fan. Sold nfts. Macro guy (different game). Eloquent speaker.

biba8163

- Buy Shitcoin in Bear - Sell Shitcoin in Bull - Profit - Repeat - Get Rich - The cycles provide the blueprint. I am crypto veteran, trust me Reminder that your Shitcoin is not a Goose that will continue to lay golden eggs for you just because it did it once or twice. > I really think Dec-Jan as the perfect storm for Nano/Raiblocks. Bitcoin had reached the peak of the bullrun and was starting to dump and people were chasing profits in every shitcoin out there with money they had just 15-20X. Also, there was constant press and news about Bitcoin high fees and slow transaction times. Suddenly you have a crypto that has zero fees and is instant. People buy it and the price only goes up because there is zero liquidity due it only being available on 2 shitty exchanges. Lack of liquidity hurts when you dump but can pump the hell out of price when there is demand.....I don't know if/when it'll take off again. But to hold a large percentage of your portfolio hoping this will suddenly boom like it did in the perfect storm scenario is foolish. https://np.reddit.com/r/CryptoCurrency/comments/c1v9or/daily_discussion_june_18_2019_gmt0/erg19v5/ > I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdvkce/

biba8163

> I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is **how much of a leveraged casino coin ETH was that drove this rise.** Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdvkce/

7366241494

For those people who didn’t lose enough money on LUNA…

Direct-Gain9933

Is it possible to consider that there is a chance to apply if, in the month of the LUNA+UST crash in 2022, a trader suffered a 20-fold loss in a short period of time, but quickly fixed during that summer 2022 it by selling shit tokens (to have at least something left) - will such losses be considered for compensation in the court case, or only those holders who held the devalued LUNA or UST all the time at least until the official bankruptcy of Terraform Labs in January 2024? ChatGPT argues that such plaintiffs have no chance

Hopeful-Wind-6332

What if I purchased a tonne of LUNA during the run for it do suddenly crash and I was forced to sell at a much lower price? Is there any hope for me if an exchange can provide proof of this?

Simke11

I am expecting MSTR to implode next bear market (and no this isn't it despite what this sub likes to think). '22 with it's LUNA and FTX will feel like a picnic in comparison.

piggleii

You don’t know what happened to LUNA/UST?

piggleii

None, just like LUNA/UST.

Every_Hunt_160

FTX was the second biggest crypto exchange and LUNA and a billion worth of BTC reserves when they collapsed It's a poor argument to just point out good figures that something cannot fall because of that

Every_Hunt_160

They’d probably have said yes to LUNA if that scam didn’t collapse in 2021

rando08110

Lol BTC - LUNA

Azatis-

Oh man i avoided so many FAILS, i do not think ill be able to remember all. LUNA is surely one of the top along alot more shitcoins/influencers suggestions

igobymachi

I had a big % of my portfolio in LUNA. After a discussion with a friend who argued I should rotate to something smaller with more growth potential, as LUNA had already done a spectacular run, I decided to sell it all. Some 3 weeks later the fateful LUNA collapse ensued.

No_Zombie_1190

I didn't fall for $LUNA.

biba8163

ETH is more like LUNA. Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. When volatility strikes, ETH gets liquidated.

sinuscosine

I think all countries have cryptos but they don't call them reserves. They probably didn't buy them, they just captured a usb drive in multiple crime scene with moneros or btcs in it and asked the password to the criminal and they sat on them. Trump is (and always been) a trader even before his political carrier. So was Elon and his other collegues around. The main market and market maker is bestie of Elon (CZ of binance). They won't let crytpo collapse unless CZ wanted to cash out completely (That's a personal opinion). Please don't use a money you can't afford too loose. It's a cliché but it's 100% true. If you are down 90% but that 10% can save your asses, families etc.. Cash out and save your only investment: your life. You can always come back to this casino after making some money. And you can not make money if you are not sane. I don't know if you were around when FTX/LUNA/UST/ANCHOR collapsed. I remember reading suicide notes in most forums. It was incredibly dark. People lost everything in few minutes after making 1000x profits in few years. We are still better than that period of crypto, but crypto is still a shit hole and always will be. Not because of shit coins, but because of shady main actors of it.

biba8163

> I think one day people will realize how insane a run ETH had in 2020/21 and fools were forever chasing that euphoria. > One of the things people seem to be missing is how much of a leveraged casino coin ETH was that drove this rise. Before the bullrun started in 2020, ETH was sitting at a relatively small ~$30 Billion marketcap. DAI was also sitting with $250 Million minted. > BTC started running in Q3 and by peak of the run, ETH was used locked as the native asset to mint $6.2 Billion in DAI. That $6.2 Billion is a massive injection of money into $30 Billion marketcap with an undertoe of a parabolic BTC bullrun and bullish sentiment. Compare that to the total of only ~$3 Billion inflow into ETFs today when ETH is ~$300 Billion marketcap and it's easy to see why the marketcap won't budge much. > Leveraging ETH to pump its markecap is not dissimilar to burning LUNA to mint UST which drove LUNA to a $40 Billion marketcap. Everyone calls that a scam mechanism but the same type of mechanism that pumped ETH is considered DeFI. > BTC parabolic moves, leveraged native ETH to mint DAI, DeFi casino narrative, NFTs, staking hype, triple halving memes, ultra-sound monies.......and Covid lockdown and money > It was a perfect storm. https://np.reddit.com/r/CryptoCurrency/comments/1indhrk/daily_crypto_discussion_february_12_2025_gmt0/mcdygp1/?context=3

TexasBoyz-713

The worst I ever felt was during the LUNA crash to $17k, ever since then I’ve been numb to all these movements

Inverseyaself

ADA, LINK, HBAR, and then small amounts of LUNA (lol) and MIOTA.

Worried-Low4580

Missing TRUMP & LUNA

kenzi28

RaoulPal part of the SUI VC gang. LUNA was his ex-favourite.

piggleii

Yeah, like Anchor on LUNA.

Hungry-Class9806

Strawman much? Most people here (like myself) want crypto to be more regulated to protect retail investors. I think any reasonable person will agree on that. But Gary Gensler never tried to be a regulator and preferred instead to waste taxpayers money on legal witch hunts without having a strong case against the companies he was prosecuting... and that's why he lost to Ripple, Coinbase, Grayscale or Blackrock and made the SEC a laughing stock when it comes to crypto. And BTW, when he was busy tilting at windmills, we had massive scams like LUNA or FTX happening and he did nothing to prevent them.

piggleii

Didn’t that guy get rugged with LUNA/UST?