Cryptocurrency investors faced a nightmare period in 2022, and Bitcoin did something unprecedented. It failed to hold its previous bull market peak as support and fell below $20,000. The architects of these nightmare days were malicious actors in the crypto space. We saw many companies go bankrupt, and figures like Zhu Su reached the point of defrauding their clients.
Vitalik Buterin and LUNA
Due to the drop in BTC price, LUNA Coin, which had turned downward, is now losing value due to a retweet by Vitalik Buterin. The LUNA Coin price, which fell to $0.645, is related to a post targeting Ethereum in 2022, which we later realized was mistaken. The post retweeted by Vitalik stated:
“Most of the Luna hate I see seems to come from the eth camp.”
When the user named Ansem wrote this, it was January 10, 2022. LUNA had not yet collapsed, and UST had not caused billions of dollars in losses. Later, everyone saw that the 20% stablecoin interest, the UST mechanism, and the LUNA Coin story were truly foolish.
