Terra LUNA, along with UST almost at their ends. Price of LUNA crumbled down to 99.69%. Will the Founder’s mitigation plan come to aid?. The time and world are highly unpredictable and so is the cryptocurrency industry and market too. With the currently ongoing crypto market crash for almost more
The price of LUNA dropped 98% in the last 24h. Terra’s recovery strategy proposals are under high criticism. The downtrend of Terra (LUNA), the native coin of the Terra ecosystem, has gained rapid momentum, driving it to drop unimaginably to its all-time low. At the time of writing, according to
One of the most shared tweets on Twitter was the foundation of the conspiracy theory. In separate emails to Forbes, the companies refuted the rumors. This morning, a new low was set for LUNA, the Terra blockchain’s native coin. On May 12, the cryptocurrency fell below the $0.30 mark for
Binance suspended the withdrawal in the Terra network due to high traffic in the environment. Traders worry LFG may sell BTC in the reserve to stabilize the current situation. The crypto market as a whole is facing a massive downfall for the past few days, every other coin has been
Lending BTC and UST to maintain consistency in LFG Reserve Pool. Attain a $10 Billion BTC target by the 2022 third quarter-end. The LFG, the company backing Terra, has tweeted about their preventative action to avoid future market instability like the one they faced during the previous week. Insights on
SubQuery is delighted to announce its entry into the Terra ecosystem. As the dominant data indexing solution in Polkadot and Avalanche, it was only logical to deliver on the ambition of providing a flexible and scalable solution to developers in other ecosystems after establishing itself as a leading solution. By
Early yesterday, the entire US market was so busy and excited looking at the massive surge of the TerraUSD (UST). As a remarkable turnover, Terra’s UST surpassed the Binance USD (BUSD) and became the 3rd largest stablecoin by market value. Surprisingly, the surge is over $17.5 billion with a rise
Earlier this week, Terra completed a $176 million acquisition. LFG purchased Avalanche (AVAX) coins for $100 million last week. Announcing the purchase of another $100 million in Bitcoin, Terraform Labs co-founder Do Kwon took to Twitter. 42,406 Bitcoins worth $1.7 billion are presently in the LFG’s Bitcoin wallet. Earlier this
The LFG has 39,898 BTC, making it the 19th-largest BTC holder. LUNA’s weighted sentiment was in the negative as per Santiment. Despite the LUNA Foundation Guard’s continued acquisition of Bitcoin, the present downward trend has occurred. Total value locked (TVL) seems to have placed LUNA at risk. Over the weekend,
Terraform Labs made the acquisition via its non-profit business Luna Foundation Group. TerraUSD is the fourth biggest stablecoin in market value. Terra’s choice of BTC for its stablecoin confirms the concept that Bitcoin is a contemporary, digital, and decentralized gold standard, and Terra has vowed to safeguard $10 billion in
