There was likely a George Soros on Black Wednesday style shorting going on with the UST incident. Here is a great article that sums up the situation:

https://onchainwizard.substack.com/p/how-to-make-800m-in-crypto-soros

I think HBD could handle a situation like this better. LUNA did not have much value outside of its stablecoin ecosystem. HIVE on the other hand has many DAPPs built on top of it along with a great community. I think the situation would have worked out better for LUNA if it was acting as another EVM chain with a healthy ecosystem of DAPPs. !PIZZA !LUV

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