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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...

Good News: Do Kwon Finally Addresses The Terra Community Amid UST and Luna Crash

As an update to our last article, Do Kwon breaks the silence and addresses the Terra community on a Tweeter Thread, 19 hours after tweeting that he was close to announcing a recovery plan.New Update 5/12https://twitter.com/stablekwon/status/1524331171189956609He acknowledges that the previous 72 hours have been...

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...

Terra’s Do Kwon says that after buying $100 million worth of AVAX, he has big plans for Avalanche

Big Plans For AvalancheTerra announced on Thursday that it had bought Avalanche (AVAX) tokens worth $100 million in a "treasury swap" between LUNA and AVAX. This helped Terra build up its reserves. There was an OTC deal to add these AVAX tokens to UST's...

Terra purchased $100 million in AVAX tokens to support its stablecoin

Terra Purchased AVAX worth $100MAccording to Bloomberg, the Luna Foundation Guard, a non-profit organization that promotes the Terra blockchain, has taken the step of diversifying its cryptocurrency holdings by acquiring Avalanche (AVAX) tokens worth $100 million.According to CoinMarketCap statistics, the change is intended to...

Terra on the Verge of Being the World’s Largest Bitcoin Whale as LUNA Experiences Massive Growth

Terra has acquired $1.4 billion worth of Bitcoin, making it the 30th biggest single owner of the cryptocurrency in terms of market capitalization ( Could it become the Largest Bitcoin Whale?). With the current acquisition, the corporation now has a total of 30,727 bitcoins...