
The post highlights early concerns about Luna (now LUNC and USTC) being a "complex ponzi" as early as 2021, suggesting that its collapse was foreseeable to some. This serves as a cautionary tale about due diligence in crypto, particularly for projects with unsustainable mechanics like Terra/Luna and its associated stablecoin UST. Investors should be wary of projects that "don't make sense" and consider the warnings of experienced analysts.

By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.