The last Luna crash wiped out nearly $50 billion, shrank the global crypto market cap by 70%, led to the founder's arrest, 3AC's collapse... and caused a 2-year bear market. In the past couple of days, StableLabs and another project crashed. This indirectly impacted Ethena's USDe, the third-largest stablecoin, with its market cap dropping from $14.8 billion to $8.7 billion—and it doesn’t seem to be stopping. ✅ Many people think this is a sign of the bull turning into a bear. What do you think? Who will be the next to crash?