Those who lost their homes, lost money because of Luna

 Many said they lost their savings and were at risk of losing their homes after the price of the Luna 

Binance exchange has suspended withdrawals from the Terra network on the grounds that "the pending transaction is too large to block the system", leaving those who want to sell unable to do anything.

"I should have sold it as soon as it cost $100, so I could get up to $25,000. But I'm greedy because I want more money to buy a house for my family. Now I don't have a family. and money," lamented the No-Forever member on Reddit.

"Can't believe this happened. I lost more than $60,000 overnight and can't do anything. Can't sell or buy, can only watch it burn down right in front of my eyes. It's crazy." Other articles have paragraphs.

The Reddit forum administrator had to pin the thread with a psychological helpline after many people expressed concern about the consequences of the plunge.

Luna is not the only cryptocurrency to drop in value this week. Bitcoin dropped to $28,300/dong on the afternoon of May 12, down nearly 60% from the peak of $69,000/dong. The entire cryptocurrency market is now worth $1,200 billion, less than half of the $2.9 trillion in November 2021.

The collapse of Terra Luna is considered a disaster of the cryptocurrency market. It is surprising because this cryptocurrency is classified as a "top coin", is among the 20 strongest coins by market capitalization, has a clear development path, is invested by large funds, so it is very popular. believer. Although there are no specific statistics, a cryptocurrency expert said that the number of people investing in Luna in Vietnam is not small.
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