Well explained post friend. You have explained very well about the reasons of this huge drop. Actually, the investors became worried when they saw the LUNA token trading below $1. Many if the newcomers thought that it was the end of the LUNA. Moreover, many others lost their believe on the UST stable coin. Therefore, they left the market and the dump became more dense.

Thanks a lot for sharing with us and wishing you all the best in the contest my friend.