Less than a month ago

Less than a month ago a popular crypto Luna was trading at $100 a coin and today it is worth nothing. To put that in perspective someone could have had $100,000 in this and lost $99,000 in just a couple days when it went to $1. Person B then buys $100,000 at $1 and quickly loses $99,000 in less than a day when it goes to $0.0169. Person C steps in and says wow this can't go any lower and puts in $100 grand that one cent by the next day is $100 grand is worth nothing. This really happened. YouTuber KSI put in $2.8 million trying to buy the dip and in two days his money was worth less than a thousand. However person D known as Algod trading on Twitter has been calling this a ponzi scheme for the past three months announcing on March 9th that he is shorted Luna. The founder himself responded and said to continue in poverty ser but he was persistent in explaining why UST a ponzi going to briefly explain why UST maintains stability through a simple swap mechanism: 1 UST can be exchanged for 1 dollar's worth of LUNA at any time and he's definitely getting the last laugh now as he closed out his short position last night for $400,000 profit.