UST has plummeted to $0.38 — and LUNA has fallen by 82% in 24 hours 📉 Both tokens are now in freefall after Terra co-founder Do Kwon failed to produce a recovery plan 👇
Kwon claimed he "needed razor focus to deliver" and "didn't mean to be so quiet" in a post on Tuesday — telling investors to "hang tight" and await further updates.
On Tuesday, the algorithmic stablecoin had plunged to $0.68 and later recovered to highs of $0.94 — but current data shows it's fallen by over 57% in the past 24 hours.This altcoin has now shrunk to $5.74 after plunging by 82% over the past 24 hours, with losses extending to 93% over the past week. In normal times, traders are meant to be able to exchange $1 of UST for $1 of LUNA, but this is now impossible after investors scrambled to exit their positions.
Some crypto analysts are taking solace in the fact that, while Terra's implosion has sent shockwaves through the crypto ecosystem, its impact on Bitcoin has been relatively limited.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Avatar: The Way of Water Trailer Scores 148M Views in First 24 HoursThe long-awaited teaser trailer for Avatar: The Way of Water was a successful one for James [...]
Leer más »
As LUNA's Price Drops Over 33% in 24 Hours, Stablecoin UST Slips Below $1 Parity to $0.93 – Bitcoin NewsAs the stablecoin $UST slipped, the Luna Foundation Guard’s bitcoin wallet and ethereum Gnosis safe address has been emptied.
Leer más »
24-year-old faces murder charge after Denton police say he fatally shot relativeA 24-year-old man is in custody after police say he fatally shot a family member in Denton. Joseph Davis faces a murder charge. It’s unclear whether he has an...
Leer más »
Child hepatitis outbreak: CDC investigating 100+ cases in 24 states including WashingtonHealth experts are puzzled over an outbreak of unexplained cases of hepatitis in children across the U.S. The CDC says there has been at least one case in Washington state. FOX13
Leer más »
24 Famous Men Who Have Made Nail Art Their Beauty SignatureFrom David Bowie to Bad Bunny, these famous men have made colorful nails a mainstay.
Leer más »