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• 15:11, 11 May 2022 0xBigDaddy talk contribs created page LUNA Collapse in May 2022 (Created page with "In May 2022, bearish crypto conditions resulted in the depeg of subsequent collapse of LUNA which crashed from over $80 to $0.69 in the space of five days. UST is the stable coin which can be minted with LUNA as part of the Terra ecosystem which is ran by Do Kwon. == Background == UST is a stable coin which can be minted by burning LUNA. Its redemption mechanism lets a user mint LUNA by burning UST which puts further sell pressure on the stablecoin peg. In case...") Tag: Visual edit