---
title: Anatomy of a run: the Terra Luna Crash
url: https://www.ml-quant.com/papers/repec/ehl-lserod-137575/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-09
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:ehl:lserod:137575
source_url: https://econpapers.repec.org/RePEc:ehl:lserod:137575
featured: 2026-10-09
citations: unknown
topic: Crypto & DeFi
---


# Anatomy of a run: the Terra Luna Crash

Granular blockchain data reveals the Terra crash resulted from subsidized money creation, real-time transaction visibility, and investor concentration amplifying financial fragility.

- Source: https://econpapers.repec.org/RePEc:ehl:lserod:137575
- Identifier: RePEc:ehl:lserod:137575
- Released: 2026-10-07
- First featured: Quant Letter No. 134 (2026-10-09): https://www.ml-quant.com/issues/2026-10-09/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Crypto & DeFi
- Authors: Liu, Jiageng, Makarov, Igor, Schoar, Antoinette

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