Greetings to all readers of this great platform, especially to those who make active life within the great community of #LeoFinance, in the present opportunity I want to share with you information that goes related to the Luna project, from a personal perspective seeing how the project has behaved since the moment the arrest of its owner was announced, being this reaction really negative within the 2 projects that are greatly lowering its value.
 Screenshot taken at: Coingecko |
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Approximately 15 days ago, I had shared with you information about this project that was referring to a great rebound in value, talking about the classic Luna, as it was named after the big drop in price and the appearance of the other LUNA project, this situation is rumored to have been generated by some big investors at the time to generate profits, while others say that it was a stable rise, which failed within days due to the situation that arose with the owner.
As many of us remember, the situation that was experienced with this project was not at all positive, many large investors felt cheated and thus began a lot of lawsuits against the owner of the project, at the time of this situation and with the passing of the days decided to create a second project to try to compensate these investors, this situation is currently at great risk again, mainly because of the arrest warrant by the Korean authorities, a situation that affected the credibility of the project and thus its value.
These last 14 days, taking into consideration the information reflected in the crypto market, we can see as shown in the cover image, the price has fallen more than 60% really serious situation, since most investors are withdrawing all their funds or much of them, this is reflected in the decline in market capitalization, for fear that the same thing happens as last time and come to lose all their resources in this project, currently being a delicate time for the Terra LUNA project.
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Hello, thank you very much for the information.
You're welcome @chucho27! Have a nice day 😊👍
I wouldn't get close to any Terra related projects or tokens even if they paid me, but still, it is important to know where the projects are and what is happening with them, both to learn from experience but also because as we've seen in the past, one big project's downfall can affect the whole cryptospace, so thank you for keeping us in the loop of how things are developing there!
Great post and congrats on getting a decentralized curation vote this past week, keep this kind of posts coming!
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Hello @leogrowth.
Thank you very much for your great comment and for that vote on behalf of the community, really everything that has to do with Terra Luna is currently a great danger for anyone who invests there, I think it is best to stay away like you think, greetings and a hug.