Report Reveals Terra Holders Liquidated Their Holding When Crash Started
The Terra LUNA crash last month sent many investors back in their returns. The crypto market generally crashed the previous month, but the 80% deep dive in Terra wasn’t funny. The panic by the investors to pull out of the crypto crash intensified the fall of many coins. Generally, the crypto market suffered a loss estimated at $400 billion in a few days. Surprisingly, a new report has emerged showing that while the Whales were dumping their holdings, the retailers were busy buying up Terra. According to the Terra investor who made the report, many smaller wallets were stocking up the....
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Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered by 20% and now finds itself trading around just below $60,000, many short-term holders are still sitting in unrealized losses. A recent report from Glassnode, a leading blockchain analysis firm, sheds light on the factors contributing to this abrupt market....
The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” and developers are “actively working on a solution.”
Terra LUNA Airdrop Suffers From Miscalculation Error — Devs Plan to Offer a Solution
On Monday, May 30, 2022, Bitcoin.com News reported on the new....
The ruling party of South Korea is likely to host an urgent meeting on Tuesday with officials from the state’s top five largest crypto exchanges. The officials look forward to holding crypto exchanges accountable for their failure to save traders during the Terra crash. According to the news reports of a local channel, Newspim, the […]
Following recent happening in the Terra community after what is known as the biggest crash in the crypto industry, victims expect a reimbursement. The LUNA founder Do Kwon answered the victims’ queries in an Unchained interview. In the interview, Unchained asked if pre-depeg UST holders would receive reimbursement or if it was a rug pull. The Terra founder avoided his promise to compensate pre-depeg UST holders with USDT and USDC, which he made via a tweet in May. He stated why Luna Foundation Guard (LFG) cannot compensate users. Related Reading: Quant Balloons Over 35% In Last 7....
Do kwon told Laura Shin on her Unchained podcast that he is betting on the long term growth of BTC price and isn’t worried about short term volatility. Terraform Labs CEO Do Kwon has conceded that a crash in the price of Bitcoin would be “negative” for the stability of the UST stablecoin, but that he expects Bitcoin to go up.Terraform Labs is the entity behind the Terra (LUNA) blockchain platform which plans on buying a total of $3 billion in Bitcoin as a reserve for the UST stablecoin. Kwon made the comments in an interview on the Unchained podcast on Mar. 29. Host Laura Shin asked Kwon....