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Since May 9th, 2022 we have been living in a post #Luna collapse ecosystem.
The following is a thread on capital flow post $UST regarding what investors are viewing as "safe assets"... 🧵 👇👇
The following is a thread on capital flow post $UST regarding what investors are viewing as "safe assets"... 🧵 👇👇
To recap as most of you know $UST has experienced a massive bank run that eclipses the 2008 financial collapse in size.
To date, it has lost 96% of its market capitalization and failed to hold its peg to $1.
#Luna #Terra
To date, it has lost 96% of its market capitalization and failed to hold its peg to $1.
#Luna #Terra
With #Luna officially moving to Luna 2.0 and leaving "Luna Classic" behind it's safe to say that the money is not coming back.
But it begs the question of how is capital behaving now that the 3rd largest stable coin, equaling close to 1% of cryptos market share, is gone?
But it begs the question of how is capital behaving now that the 3rd largest stable coin, equaling close to 1% of cryptos market share, is gone?
