#加密生态动态追踪 The sudden collapse of the LUNA project on May 11, 2022, caused countless investors to experience extreme wealth erosion. During that shock, some investors witnessed $1.2 million directly wiped out within three days—from a peak market value of several million dollars to only enough for daily expenses.

At that time, LUNA's market cap was high, with 1,000 tokens worth nearly $100,000. Many looked at a 10% decline with hope, thinking there might be a rebound or rescue. But reality was ruthless—by the next morning, the account balance shrank to $700,000. On the third day, the price plummeted from $1 straight down to $0.000001, and exchanges chose to delist the token. In despair, some even sold everything to buy the dip, only to accelerate their losses.

This is not an isolated case. The danger in the crypto market lies in its systemic risks: 24/7 trading without breaks, no circuit breakers, rampant leverage, ruthless liquidation mechanisms, and instant large-volume sell-offs by big players. A 20% daily decline is common here, and experiencing dozens of sharp fluctuations in a year is routine. During Ethereum's drop from $4,000 to $800, whales precisely "liquidated" at the liquidation price.

The survival rule in crypto is brutal: it’s not about how strong your faith is or how deeply you believe in a project, but whether you can stay sober, manage risks, and cut losses in time. Experts never assume "it won't fall again," but instead build comprehensive capital management and risk response plans. Opportunities always favor those who stay calm, strategize, and know when to stop. Surviving in this market requires skills far more than quick gains.