LUNA and UST implodes — the story of a ticking timebomb

Terra and its ecosystem has literally imploded with significant investor losses over the past three days.

LUNA, the native token of the Terra ecosystem, is down 99.9% in 48 hours, trading as low as US$0.003, from its highs ($116) reached just last month. That means everyone who bought LUNA at any step of the way would have seen losses.

90% losses each day, every day for the past 3 days:

• $100 to $10
• $10 to $1
• $1 to $0.1