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Luna has been on the top ten list of cryptocurrencies by market capitalization until recently when its value fell to over 99.9 percent.
to understand what led to this crush one has to fully understand about Luna ie the terra ecosystem and how Luna is pegged, all this which i will explain later.
in simple explanation, just before the crush, over 2 million dollars worth of UST was unstacked this in turn resulted to reduction in buying price of UST which it is pegged since UST is an algorithmic coin in the terra ecosystem, when the prices are too low the algorithmic mints more Luna there fore in high supply Luna lost its value.