Even with Bitcoin’s price destabilization over the past week, most of the attention is on the abysmal price performance of Terra Luna, which is down 93%, and UST, whose price is supposed to stay pegged to USD but currently trading at 70% below at $0.3. The founder of Terra Luna, Do Kwon, released a series of statements on Twitter regarding the situation. Will Terra Luna and UST recover? Let’s take a closer look at the current situation. Why is Terra Luna and UST Price Dropping? Terra Luna’s price started its downward spiral when UST de-pegged from USD on May 10th
The post Will LUNA and UST Price Recover? Terra Luna Price Down 93%, UST De-pegged to $0.3 appeared first on The Merkle News.
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