Cryptocurrency investors’ number one agenda for the past few weeks has been LUNA. LUNA, which lost 97 percent of its value in just 24 hours, had revolted its investors. In addition, in parallel with this development, the stable coin named UST also collapsed, and the loss of investors exceeded billions of dollars. Now, there has been a remarkable development on the subject. New statements about LUNA have come from Binance CEO Changpeng Zhao.
Binance suspended the transactions related to this cryptocurrency for a while after the outbreak of the LUNA crisis. However, this decision was abandoned after a while and investors started trading with LUNA again. Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, who attended a question and answer event on Reddit, explained why they took such a decision.
“We don’t say take it by force”
In the statements made by Namiother CZ, it was stated that the reason for the closure of LUNA transactions was the team behind Luna itself. Saying that they decided to stop the transactions after the LUNA blockchain was closed, Binance CEO said that with the reopening of the network, Binance also resumed trading. “No one is forcing anyone to buy. The market is such a place, it has its own rules. Those who like high risk can make such purchases.” said the CEO, while hurling criticism, opening the door to other discussions.
Although the end of the developments is unknown, we can say that LUNA has hurt many investors. Because LUNA, which was traded at $ 96 at the end of April, is hovering at $ 0.0001913 as of the writing of this article. With this; TerraUSD (UST), which should be worth $1, is currently trading at $0.07. In a nutshell, the damage on the LUNA front is not the kind that can be understood even with calculations…
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