The Collapse of Luna - Big Negative Impact on 200k Investors In Korea
Cross Asset Strategy
239 Views, 17 May 2022 07:42
- The local media have mentioned that nearly 200,000 people in Korea have invested in Terra (Luna) and TerraUSD.
- The combined market caps of Luna and TerraUSD at their peaks were nearly $60 billion and nearly $57.4 billion has been wiped out in the past week.
- Consequently, in the coming weeks there could be some domino effect of people in Korea that have borrowed money to invest in these risky cryptos selling other assets.