Jerry, I think exactly like you, it's both idiotic fear and exaggeration.
If you don't have to use it at that moment, why cry so much?
assuming it returns to 1.
And I repeat those who bought at 0.7 and went to 0.9 is a lot of profit, how many BTC did Luna sell to be able to bank the price?
Its not fear or exageration, its a ponzi scheme. This is going to be another titan fiasco.
https://www.coingecko.com/en/coins/terra-luna/usd?chart=7_days#panelthat chart shows something