What Has Led to Luna & UST Meltdown
Big whales started attacking in such a fleeting moment.
10 minutes after the withdrawl, an address all of a sudden soldoff $84 million of UST. The selloff severely affected the balance of 3Crv pool. In order to restore its liquidity balance, LFG withdrew another $100 million of UST from the pool. This was followed by more selloffs from multiple big whale addresses, every selloff is of millions of UST [...]
Read more:
https://medium.com/coinlucky/what-has-led-to-luna-ust-meltdown-253112679be7
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