Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples ...

Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples ...

During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower than the $1 parity and was trading at a low of $0.299 per unit at 9:00 a.m. (ET). Terra’s Native Token LUNA Loses 97%, While UST Loses 67% in 24 Hours The Terra blockchain ecosystem has been ravaged by the events that took place over the last few days, when the network’s algorithmic....


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Do Kwon Interview Explains He’s ‘Devastated’ by LUNA Collapse, Says ‘There’s ...

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Terraform Labs’ Legal Team Quits After UST Crash – Another Blow To Kwon

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Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise

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Conquering Terrain: Terra’s Stablecoin UST Is Now Crypto’s Third Biggest

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