4/ Kwon once claimed the peg was maintained by a self-sustaining algorithm. That was false. In May 2022, the peg broke. UST crashed. LUNA went to near zero. $40B in market value evaporated in days. https://t.co/27yPzGSka5
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4/ Kwon once claimed the peg was maintained by a self-sustaining algorithm.
— Cryptopolitan (@CPOfficialtx) August 14, 2025
That was false.
In May 2022, the peg broke.
UST crashed.
LUNA went to near zero.
$40B in market value evaporated in days. https://t.co/27yPzGSka5
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