Affected by the Fed's interest rate hike, there was a "dark moment" in the global cryptocurrency market. According to South Korea's "daily economy" reported on the 15th, the market value of Luna, founded by South Koreans known as "currency circle Maotai", fell 99.99% last week, bringing huge losses to investors. It is conservatively estimated that there are as many as 200000 South Korean investors alone.
The cryptocurrency, once valued at $119.5, is now priced at less than a cent, and the market value of tens of billions of dollars has almost returned to zero. Mainstream cryptocurrencies such as bitcoin and Ethereum have also fallen by more than 10% and 20% recently. Many Koreans have invested all their money in Luna coins, and now they have nothing to lose.
According to the 14th daily of the Korean Economic Journal, there are many roast about the failure of Luna coin investment at various investment forums in South Korea. A, a 30-year-old office worker, said he invested 40 million won (about 210000 yuan) in Luna coins, but lost it all in a few days; Investor B said that he bought Luna coins with his life savings of $450000. Unexpectedly, he returned to zero overnight. Now he has no money to pay bank loans. In the next step, he may become a street sleeper; Another netizen roast that his original account of 1.8 billion won had only 4.85 million won left. He had once wanted to eat in the middle, but he didn't expect to fall more and more.
South Korean "Chosun Ilbo" said on the 15th that with the Luna coin "becoming waste paper" overnight, many South Korean investors were difficult to accept and threatened to commit suicide. As the Mapu bridge is close to Yoido, which is densely populated by securities firms and investment institutions, it was also a popular place for suicide in South Korea. The search volume of "Mapu bridge" on the Internet has increased greatly, especially in the search related to Luna coin, it is often followed by keywords such as "Mapu bridge" and "Quan Daoheng (founder of Luna coin)". South Korea's Mapu police department recently sounded the alarm and has strengthened daily patrols in Mapu bridge and other places, hoping to find and stop suicides in time. Quan Daoheng, originally known as "musk of South Korea", has been regarded as "the largest fraudster in history", and many investors are ready to jointly sue him.