# When Luna is a meme coin

**Published by:** [xuanling11](https://paragraph.com/@xuanling11/)
**Published on:** 2022-09-12
**URL:** https://paragraph.com/@xuanling11/when-luna-is-a-meme-coin

## Content

Luna token or Terra collapsed this year. Many other memorable events bring down the crypto market. https://twitter.com/thedefiedge/status/1566875252671528964 However, Luna has changed and turned into a meme like coin. https://twitter.com/blackbeardXBT/status/1568460604121251841 Is Terra coming back soon? Let's find out:Terra Founderhttps://twitter.com/CryptoKariss/status/1567564863433572354 Terra founder Do Kwon was infamous for wasting billions of dollars and still walking free. Someone created a meme coin to make him go to jail. https://twitter.com/FatManTerra/status/1569330723315744771Regulations step uphttps://twitter.com/FatManTerra/status/1569243952376676355 Countries like Singapore have been closely regulated by the recent impact of the crypto earthquake. Their financial regulations put crypto companies under jurisdiction to oversee and manage to hopefully return investors' losses in the future.Crimes continuehttps://twitter.com/FatManTerra/status/1568890614854344705 Even though the Terra collapsed, many other tokens or coins will be slowly affected. Those collapses will be slower and unrecognizable. Luna meme coinhttps://twitter.com/gijoey2378/status/1566982399761727488 Luna classic or previous, refer as Luna, becomes a meme coin. Since the Terra labs abandon the project, the price will become easier to influence through the internet. If more people join the community, it may become another meme coin like Dogecoin in the future. But that is not erasing the fact that Terra lab has rugged pull their investors, and they will face regulations in the future. If you enjoy reading my articles, buy me a coffee here. Photo by Luis Villasmil on Unsplash

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