Dark Moon: The Inevitable Collapse of Luna
I know it comes up every time something like this happens, but who _are_ these retail investors who are left holding the bag? Individuals who thought it was a good idea? People who have money in a fund and this was part of their “crypto” diversification? I understand why the whales get in: they’re sophisticated enough and rich enough to multiply their money in an obvious Ponzi scheme, but why would anyone else get involved?