Tag Archives: LUNA

Anchor, along with Terra, LUNA, and UST, fell victim to the blockchain crash and being the most significant protocol on the chain, it fell the hardest. Not only did investors pull their deposits out of the assets, they even sold off their ANC tokens which resulted in a 99.22% decline in the asset at itsContinue reading “Analyzing after-effects of Anchor protocol freezing Earn & Borrow post $800k exploit”

Following the forking of the Terra chain and the subsequent launch of Terra’s Luna 2.0, the token has since suffered extreme volatility. For example, following the listing on cryptocurrency exchange Binance, the price per LUNA token grew by 39.41% last Tuesday. This was however soon followed by a severe decline that plunged the token belowContinue reading “Even a week after launch of LUNA, it appears Do Kwon’s problems are far from over”

Terra hit the bullseye lately, however, the bullseye for all the wrong reasons. Just when Terra thought that its day of difficulties has ended, there was more in store. But what went wrong this time? Now, the Mirror Protocol allows the trading of synthetic assets, such as stocks and cryptocurrency on the Terra and TerraContinue reading “Is Mirror Protocol undergoing exploit for the second time? Here’s the truth”

Pretty much the entire crypto community is well-aware of the Terra (LUNA) fiasco. Overall, investors lost more than $400 million as the Terra ecosystem hit rock bottom. But what about a recovery plan? There aren’t many discussing this step. Disaster Recovery Plan  Terra and the team had launched a new proposal to revive the deadContinue reading “Terra 2.0 proposal gets the crypto community’s nod of approval but that’s not all”

A ghost in the blockchain? Or a poltergeist playing tricks? 25 May began with TerraUSD [UST] seeing a daily rally of more than 400%, but then experienced a crash that dragged it back down to below $0.1. So here’s your news update in case you were sleeping when the price spiked. A glitch in theContinue reading “UST registered +400% rally while you were asleep – Here’s what to know”

Once valued at $119 at its highest, Terra today has three zeroes after the decimal before a number appears. Trading at $0.0001902, LUNA has lost 100% of its value this month. But not too far away within the DeFi section of the cryptocurrency list sits another token that did leave its investors hopeless, although itContinue reading “How SushiSwap [SUSHI] managed to pull a Terra before it was cool”

“I no longer feared the darkness once I knew the phoenix in me would rise from the ashes”, said Ms. Luna. After suffering a significant decimation to its price following UST’s depegging, LUNA recorded a 100% intra-day spike in price on May 22. Standing at $0.0001917 at press time with a 16% growth in priceContinue reading “Terra: How long will this LUNA-r eclipse loom over the crypto market”

TerraUSD [UST] coming loose from its peg didn’t just drag down the price of the stablecoin, but led to LUNA’s market cap also diving and sent a shockwave of fear and anger through the communities participating in these projects. But it’s not just a question of price, as investors speculated that Terra developers would migrateContinue reading “Are Terra developers migrating to AVAX, SOL, MATIC & ADA? The metrics say…”

USDT was commonly seen as the troubled child amongst all the stablecoins, but things rapidly changed as TerraUSD [UST] came into the picture only to crash and burn. At press time, the ex-stablecoin was trading at $0.1258 and had a market cap ranking of 44. By comparison, Tether looked much better off – but isContinue reading “Eyes off UST because Tether is (might be) at the end of its rope”

A one-of-a-kind incident in the crypto market was the Terra [LUNA] debacle of last week. With spiraling investors and the start of a never-ending blame game, clouds of uncertainty haunt the market even today. If that wasn’t enough, the infamous Terraform Labs co-founder and CEO, Do Kwon, came out of his temporal hiatus on 16Continue reading “Terra’s Revival Plan 2: ‘Much Ado About Nothing?’ Here’s what we ‘Do Kwon’”

“You get regulated!” “You get regulated!” “Everybody gets regulated!” The Terra LUNA crash that led to the bleeding cryptocurrency market of $830 billion in market value has led regulators to question the stability offered by ‘stable’ coins.  With an existing apathy for the lack of regulation in the crypto space, regulators around the world areContinue reading “With UST’s depegging ‘LUNA-cy’ out in the open, regulators begin to get jittery”

The crypto market is slowly adjusting to a new normal after the de-pegging of TerraUSD [UST] sent ripples through the Terra ecosystem and the sector at large. At press time, the ex-stablecoin once pegged to the dollar was trading at $0.1482 after losing 26.70% of its value in a day. However, you would be wrongContinue reading “Binance CEO’s latest announcement had this effect on TerraUSD [UST] prices”