5 Crypto Coin Collapses That Shook the Industry
Since the entrance of altcoins, the crypto market has seen an explosion of creativity, new strategies, and spectacular failures. As with any new technology, there are growing pains associated with innovation. Now, whether these pains originate from bad programming, management, security, or timing is what makes coin collapses so interesting. Here are the 5 largest coin collapses in crypto history.
1. LUNA/UST – The $40 Billion Collapse That Shook DeFi
LUNA entered the market in January 2018. The project was unique in that it introduced a high-performance blockchain, the LUNA token, and an algorithmic stablecoin dubbed UST. This combination promised to be a game changer for DeFi users who saw the option to easily dodge market volatility…
