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New Update: Terra Explains The Current Situation on Luna And UST

An Update By Terra has been released on Twitter about the current situation on the Terra Ecosystem.https://twitter.com/terra_money/status/1524654726432043008Peg Pressure On UST Is Reducing the Value Of LunaThe ongoing peg pressure on $UST as a result of its existing supply overhang is causing a significant reduction...

What Is happening with Terra’s Luna? An 85% crash caused by UST crashed the coin to 5$

The UST CollapseThe UST collapse, in which UST lost its peg, caused luna to plunge from 68$ to 34$, the downward trend seems to be continuing. UST dropped to ~0.7$ and recovered yesterday to about $0.93 to fall again to the jaw dropping value...