Before its crash, Luna was known as the "King of Retail Consensus" due to its rapid price growth, high market capitalization, and large investor base. It is the native token of the Terra blockchain platform and is pegged to the algorithmic stablecoin UST. From the beginning of 2021 to April 2022, Luna's price soared from approximately $1 to $119.5, with its market capitalization briefly exceeding $40 billion, placing it among the top ten cryptocurrencies by market capitalization. This rapid price increase attracted a large number of retail investors, who saw Luna's enormous investment potential and formed a strong consensus, earning it the title of "King of Retail Consensus."