10 minutes to understand the whole story of the collapse of South Korea's national cryptocurrency Luna

Video source: DongDongGun

On May 5, 2022, the cryptocurrency world or the currency circle is ordinary On a common day, the total market value of cryptocurrencies reached 1.8 trillion U.S. dollars, and a week later, its total market value plummeted to 1.1 trillion U.S. dollars, evaporating 700 billion U.S. dollars, or 4.7 trillion yuan, and began a death spiral. The much-anticipated trapeze show was also staged. The per capita asset loss in the currency circle was 40%, at least 400,000 people broke their positions, and even Korean investors committed suicide because of this. And the source of all these tragedies comes from the people in this circle's pursuit of profit and their obsession with printing money out of thin air.   

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