SINGAPORE, May 19, 2022 /PRNewswire/ -- The collapse of LUNA and TerraUST has sent shock waves across the entire cryptocurrency industry over the past week. The entire crypto market deep-dived to 11% in just 24 hours, and most cryptocurrencies have been suffering major losses such as Avalanche, ApeCoin, Solana, and Shiba Inu. As of May 15, Bitcoin is down 20% from last week, trading at $28,809, and Ethereum fell by 27% to $1,968. LUNA's free-fall caused a severe shock to the digital currency market, resulting in abnormal trading conditions for many pairs, including LUNA and APE worldwide. On the social trading platform MoonXBT, some traders took advantage of the vulnerability and manipulated the price, resulting in the decoupling of LUNA and APE token prices from other trading platforms. In light of the situation, on May 10, MoonXBT launched an emergency shutdown and resumed full services after.