LUNA price collapse May 2022
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:cryptocurrency
|
| gptkbp:affects |
crypto market sentiment
|
| gptkbp:cause |
depegging of UST
|
| gptkbp:date |
May 2022
|
| gptkbp:founder |
gptkb:Do_Kwon
|
| https://www.w3.org/2000/01/rdf-schema#label |
LUNA price collapse May 2022
|
| gptkbp:involves |
gptkb:TerraUSD_(UST)
gptkb:Terra_(LUNA) |
| gptkbp:ledTo |
increased regulatory scrutiny of stablecoins
investigations by South Korean authorities |
| gptkbp:mediaCoverage |
major global financial news outlets
|
| gptkbp:relatedTo |
gptkb:Terraform_Labs
gptkb:Anchor_Protocol LUNA Classic (LUNC) |
| gptkbp:response |
Terra blockchain halted temporarily
proposals for Terra ecosystem revival |
| gptkbp:resultedIn |
billions of dollars in losses
LUNA price fell from over $80 to less than $0.01 UST lost its $1 peg collapse of Terra ecosystem |
| gptkbp:triggeredBy |
liquidations across DeFi platforms
|
| gptkbp:bfsParent |
gptkb:Terra_blockchain
|
| gptkbp:bfsLayer |
7
|