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5 Top Investors Who Lost Millions From The Terra Luna Crash

By AJ Fabino

TerraUSD (CRYPTO: UST) billed itself as the gold standard of algorithmic stablecoins, but the once-"stable" coin lost its peg over the weekend, plummeting by 71% at its lows and taking its sister coin Terra (CRYPTO: LUNA) with it.

The volatile stablecoin is currently trading at 65 cents, still far off its peg of $1 six days after the disaster that cost crypto enthusiasts billions.

Luna traded at $86.39 last Thursday at 3 a.m. before the coin started its descent to $1.53.

At the time of writing, according to CoinMarketCap, one Luna is worth $1.53.

According to those numbers, assuming each of the following wallets held the coins before the steep fall off, all of them incurred losses in the millions and one in the billions. Here are the details.

Information provided by Etherscan.

0xd76..a71e: 12,225,026.95 Luna

12,225,026.95 coins at $86.39 would be worth $1,056,120,078

12,225,026.95 coins at $1.53 would be worth $18,704,291.23

Losses incurred: $1.03 billion

0xa1e..bcfe: 5,762,380.66 Luna

5,762,380.66 coins at $86.39 would be worth $497,812,065

5,762,380.66 coins at $1.53 would be worth $8,816,442.40

Losses incurred: $488.9 million

0x592..289a: 5,039,156.81 Luna

5,039,156.81 at $86.39 would be worth $435,332,756.81

5,039,156.81 at $1.53 would be worth $7,709,909.91

Losses incurred: $427.6 million

0x89e..78be: 4,167,764 Luna

4,167,764 coins at $86.39 would be worth $360,053,131.96

4,167,764 coins at $1.53 would be worth $6,376,678.92

Losses incurred: $353.6 million

0x373..8d9a: 4,089,449.40 Luna

4,089,449.40 coins at $86.39 would be worth $353,287,553.66

4,089,449.40 coins at $1.53 would be worth $6,256,857.58

Losses incurred: $347 million

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Dive Deeper:
Terra (LUNA) Sees $106M In Liquidations With 97% Crash As UST Collapses To Below 40 Cents
Terra (CRYPTO: LUNA) and its native stablecoin TerraUSD (CRYPTO: UST) brought each other down in a cryptocurrency market catastrophe that would not be…
Can USDC Follow UST's Footpath? Probably Not, And Here's Why
On Wednesday, the cryptocurrency community saw TerraUSD (CRYPTO: UST) the native algorithmic stablecoin of the Terra (CRYPTO: LUNA) protocol lose its peg while bringing…
'Evil genius' may have caused Terra and Luna cryptocurrencies to crash in a 'death spiral'
The devastating effects of the crash of crypto "stablecoins" Terra and Luna are being felt by many but their crash…
Did Vitalik Buterin And Sam Bankman-Fried Predict Terra (LUNA) Fiasco?
Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin and FTX CEO Sam Bankman-Fried hinted at the troubles the stablecoin Terra USD (CRYPTO:…
One subscription that gives you access to news from hundreds of sites
Tether Loses Dollar Peg as Crypto Anxiety Hits No. 1 Stablecoin
Dominoes are falling in crypto. First it was the collapse of algorithmic stablecoin TerraUSD, sowing turbulence in the broader market.…
Terra blockchain halted again as crypto Luna crashes
Terra Luna’s downfall started over the weekend when its sister token UST de-pegged from its $1 value
Get all your news in one place