
Cointweets
BNB ($BNB) and CAKE ($CAKE) have surged by 49%, while SOL ($SOL) is also riding the TST ($TST) uptrend. Bullish
The liquid supply of Bitcoin ($BTC) is rapidly shrinking as major corporations ramp up efforts to absorb the remaining supply.
Bitwise has confirmed the trend we've been observing: demand is outpacing availability. In a market where scarcity fuels value, Bitcoin continues to demonstrate its strength. Bullish
Despite these news, I am still bullish on $LUNA but still check it out below:
The Biggest Crypto Scam in History, Wiping Out $40 Billion in a Single Day
The cryptocurrency market has seen its fair share of dramatic rises and falls, but few compare to the catastrophic collapse of Luna ($LUNA). Once touted as a promising and stable investment, Luna's sudden downfall erased $40 billion in value in a single day, shaking the entire crypto community.
The Rise and Fall of Luna Coin
Launched in 2018 by South Korean entrepreneur Do Kwon and his company Terraform Labs, Luna coin was part of an ambitious project to create a stablecoin ecosystem. It was designed to maintain its peg to the US dollar using an innovative algorithmic model that adjusted supply and demand. Luna quickly gained traction among investors, promising both stability and attractive returns.
However, the foundation of Luna's system was inherently fragile. Its stability depended heavily on complex algorithms and sust