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on May 16, 2022
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$3B in Bitcoin was sold in a last-ditch attempt to...
Luna's supply hyperinflated (from 100 million Luna to 6 trillion Luna) to try to save UST's backing, as designed. That's why its price got rammed irreversibly into the ground.
Cryptocurrencies in general, and shares of stocks, do not hyperinflate.
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Cryptocurrencies in general, and shares of stocks, do not hyperinflate.