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Luna Crypto Investors Failed to Appreciate the Risks, Galaxy Digital's Novogratz Says

“When a token goes from 20 cents to $100 and you don’t take profit, that’s lunacy,” the CEO of Galaxy Digital said.

Updated May 11, 2023, 5:52 p.m. Published Sep 28, 2022, 10:54 a.m.
Luna's retail investors lacked a risk management methodology, Mike Novogratz said. (Sam Reynolds/CoinDesk)
Luna's retail investors lacked a risk management methodology, Mike Novogratz said. (Sam Reynolds/CoinDesk)