The fact of the matter is Terra LUNA plummeted in devastating fashion. And because Terra LUNA acts as one of the currencies backing TerraUSD it too took a significant nosedive.What went wrong is people lost confidence in this system that had been working. A whole lot of investors dumped both Terra LUNA and TerraUSD.It’s going to take a long time for Terra to regain the trust of investors. And as of right now, there doesn’t seem to be anything in place to keep what happened to Terra LUNA and TerraUSD from happening again.