Terra (LUNA) was a cryptocurrency developed by Do Kwon and his company Terra Labs. With this, they intended to create an ecosystem for DeFi applications powered by LUNA and its algorithmic stablecoin UST.
However, in May 2022, LUNA lost 99.99% of its value when UST decoupled from the value of the dollar, losing investor confidence and being accused of being a fraud. In fact, Do Kwon currently has an international arrest warrant and is wanted by authorities.
LUNA was renamed LUNC (LUNA Classic) in an attempt to revive the project, although it was never able to return to its former glory.
In this section, you will find all the news about LUNA and LUNC, which still has many investors who support it.
Twitter user @PerisnCapital, suggested an improvement to the state of the UST coin. The proposal has the backing of many big names in the crypto industry,
In 72 frantic hours, the cryptocurrency Terra (LUNA) and its associated stablecoin TerraUSD (UST) fell more than 99 per cent amid a tumultuous global cryptocurrency market.
The global leader in asset management, GAM Holding AG, is pleased to announce that it has entered into negotiations with Terraform Labs (Terra) to support Luna
Terra (LUNA) mayhem continues amid Terra USD ‘de-pegging’ debacle with LUNA plunging into the abyss depreciating more than 96 per cent over the past 24 hours.
Terra (LUNA), plunged more than 90 per cent in the last 24 hours amid a global cryptocurrency market crash. Terra ecosystem’s stablecoin TerraUSD is down over
TerraUSD has shown a surprising trend in the past few days losing party with US Dollar. There are many reasons behind it.
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