Market cap of LUNA is down 97.6% from its all-time high. Terra 2.0 is an upcoming, new chain to be called Terra (token Luna – LUNA) We all are living in the unpredictable world where exactly Cryptocurrencies are living, there we are diving into the Virtual world in an unimaginable
The US CRS puts out a report on the UST crash. Shows regulatory unfulfillment with stablecoins. New fork to be out by Terra LUNA. The downfall of Terra’s UST and LUNA ought to be the hottest topic for the year 2022, so far. Amidst such unimaginable fall, regardless of the
Terra (Luna) price is 100% down from its all-time high of 119.18 as per CMC. Most of the top Exchanges delist the LUNA. Crypto.com the largest cryptocurrency exchange announced on Twitter that they had suspended deposits and withdrawals on the Terra network temporarily because of the unexpected price (100%) down
Galaxy Investment Partners suffered a 12% decline at the beginning of Q2. Mike Novogratz called Bitcoin a “macro-bet”. Billionaire Mike Novogratz, one of the prime movers of LUNA, is now pulled into the coin’s wild crash picture. Galaxy Digitals CEO’s affinity towards the sinking coin caused panic among investors and
Anchor’s total UST deposits dropped from $14 billion to a little over $11 billion. Terraform Labs is responsible for the whole Terra ecosystem’s operation and power. The algorithmic stablecoin backed by the U.S. dollar, UST, will be supported by $1.5 billion in bitcoin and terraUSD from Luna Foundation Guard (LFG)
LFG currently possesses almost $3.5 billion worth of BTC. Luna Foundation Guard aims to gather up to $10 billion in Bitcoin. Luna Foundation Guard (LFG), a Terra Luna-affiliated Singapore-based Non-profit organization, has collected an additional $1.5 billion to add to its already sizable Bitcoin (BTC) reserve. Using the funds raised,
Terra’s creator opted to use bitcoin (BTC) as a reserve asset for the enterprise. Almost all of the BTC at the LFG bitcoin address came from the hot wallet on Binance. The Luna Foundation Guard’s bitcoin wallet was valued at $1.1 billion on March 26, 2022. After Terra’s inventor Do
Terra is experiencing a bullish rally for the past few days and continues the upward momentum. It has already surpassed the performance of Cardano and Solana while capturing the 7th rank by market capitalization. The value of the native token LUNA has surged from $24 to nearly $100 within the
The burn will enable the LFG to mint around 372 million in UST. Earlier in February 2022, the LFG raised $1 billion. The Luna Foundation Guard, situated in Singapore, continues to carry out its mission of assisting in developing the Terra blockchain ecosystem. The non-profit organization has now voted in
Despite the bearish market for the past month, some altcoins have performed well with the developments from their network. Similarly, Terra (LUNA) is one such network that has showcased its potential in the crypto market. Moreover, LUNA was the top gainer of the day on Tuesday. For the past few
