For those who do not know, Terra Luna was the native token of the Terra ecosystem, one of the cryptocurrencies that gave investors the most confidence at that time, its currency exceeded 100 US dollars for each token, everything was very peaceful and prosperous. but then this ecosystem made the entire crypto world tremble, I explain:

They also had an algorithmic stablecoin called UST, which should have a parity with the Dollar, however one day this USD lost that parity, since more than 280 million dollars were withdrawn, falling below the dollar, creating a domino effect and the Luna coin very quickly fell below zeros after the decimal, without a doubt a real tragedy.

Those responsible for this project made mistakes that allowed the cryptocurrency to drop violently, for example: launching millions of tokens, liquidating Bitcoin holdings and removing Luna and USD from various exchanges, this immediately buried them.

The Government of the United States automatically put the magnifying glass on what was happening with Terra Luna, and began to issue statements about the instability of the cryptocurrency ecosystem, this generated a feeling of mistrust and fear in the community, which caused the fall of Bitcoin and altcoins, entering a limited recessionary period.

There are many who took advantage of this fall, since after having a value of more than 100 US dollars, moon became worth very little, however, many attribute this fall to a very well coordinated attack by people who wanted to take out of circulation this ecosystem, but did not take into account the collateral damage that would affect the crypto market.