The fall of LUNA plunged many investors into a financial hole and it will be extremely difficult to restore confidence, as many lost a lot of money on this fall. Against the backdrop of a sell-off in the cryptocurrency market, other altcoins and stablecoins also suffered
Although such collapses of large tokens in the crypto market are rare, the fall of the UST stablecoin will undermine the credibility of all other stablecoins, even secured ones, and this threatens capital outflow, which we are now seeing.