Collapse · May 9, 2022
Terra/Luna collapses — UST depegs
Price at event
$30,900
Today
$61,577
Since then
×2.0
Algorithmic stablecoin spirals to zero in 72 hours. ~$40B in market cap evaporates. Triggers the Three Arrows / Celsius / Voyager / FTX cascade. The defining event of the cycle-4 bear.
⸺ Sources ⸺