2 months in the past Do Kwon tweeted “by my hand, Dai will Dai”. In the present day he tweeted that UST will change into collateralized, like Dai : ethereum

Luna buyers weren’t pleased with the choice to purchase a f*kton of BTC to assist UST. There was an enormous unload of Luna — a lot that it depegged UST. That pressured Luna into promoting the $1.4 billion in BTC they’d simply acquired, which dropped BTCs value. When BTC bleeds, alts hemorrhage. Luna bled SUPER HARD and it was unattainable for UST to carry its peg in opposition to that tough a fall.

Luna kicked a shaky market proper within the dick.