Tag Archives: LUNA

LUNA and UST both are showing signs of recovery after recent collapses, with the same sending shockwaves across the industry. Several experts believe that Terra founder Do Kwon is responsible for the latest crash that wiped out more than $1 trillion from the market. However, it is important to recognize the macro headwinds that areContinue reading “Why UST’s crash has experts talking and taking different sides”

Phew! What a week this has been in the history of cryptocurrency.  A week marked by a significant decline in price for most cryptocurrencies which led to massive sell-offs on exchanges.  With hodlers on one hand advising investors to tarry and paper hands, on the other hand, exiting to salvage what was left of theirContinue reading “Binance Coin: BNB attempts a recovery but this is what lies on its way”

Chainlink, despite not being a traditional cryptocurrency, has a significant number of investors holding over $3 billion in market cap. All thanks to the use cases it presents to DeFi protocols across many chains. Chainlink after the crash In the last 24 hours, LINK recovered by almost 10% after falling by 34.64% to $5.2 atContinue reading “Chainlink causes $11.2m loss to Venus protocol- Decoding the aftermath”

Terra’s total value locked suffered a major fall, losing as much as $14 billion, amid the de-pegging fiasco resulting in reduced DeFi investor interest and a bearish market. The protocol lost around 78% in TVL since the first quarter of 2022. De-pegging of UST, the protocol’s stablecoins made the situation worse. Following this, different otherContinue reading “Chainlink: How a ‘price discrepancy’ resulted in millions lost from DeFi protocols”

A week ago, Terra [LUNA] was just above $80 as investors bemoaned its faith. But at press time, the ex-top ten crypto was changing bloodstained hands at $0.00005687. Naturally, the shock of this fall has many new and confused investors looking at their favorite altcoin projects, wondering if there’s a chance of them heading inContinue reading “Dr. Avalanche, Mr. Terra, and the tale of Luna Foundation Guard Reserve”

The ongoing cryptocurrency crash has injected a chaotic sentiment within the investors. The steep decline saw $200 billion in value wiped out in a single day. Bitcoin alone fell to below $25,000 on the morning of 12 May, a price not seen since December 2020. Even, Ethereum, the largest altcoin lost around 20% of itsContinue reading “UST to USDT: Here’s what caused largest 1-day dump in USDT’s addresses”

When the market crashes, investors usually watch Bitcoin with frantic eyes – but everything is different this time. A Terra-fying saga is in progress, which saw Terra [LUNA] lose more than 95% of its value in a day to trade at $0.1194 at press time. If that wasn’t painful enough, the stablecoin TerraUSD [UST] wasContinue reading “As TerraUSD [UST] careens out of control, is Tether [USDT] headed the same way”

While a few cryptocurrencies in the market are trying to recover from the losses, others are slipping quicker on the charts than sand seeps out of one’s hand and XRP is, unfortunately, one of them. XRP takes a hit One of the topmost losers of the last 24 hours, XRP is down by 16.76% inContinue reading “XRP falls to a 13-month low as it loses value to Chainlink, here’s what’s next”

Two days have passed since Terra’s UST got knocked off its dollar peg and it looks like any recovery attempts have failed. LUNA has turned out to be the unfortunate casualty of an unfortunate series of events. The UST meltdown has ignited claims that the stablecoin, along with LUNA and the Terra ecosystem is theContinue reading “LUNA, UST postmortem: Was it a coordinated attack or a ponzi”

LUNA has fallen around 84% within 72 hours following the ruckus around the stablecoin UST. UST de-pegged from the dollar and fell below $1, as low as $0.65 before recovering to $0.94 and dropping toward $0.7 once more. Support levels don’t really appear to matter for LUNA right now as the selling pressure has beenContinue reading “LUNA, Cardano, and Avalanche Price Analysis: 11 May”

The native token LUNA of Terra’s blockchain wiped out over $11 billion of investors’ wealth in the last 24 hours. The coin is down by 71.1% from its ATH at the time of writing. The fright around UST losing its dollar peg and Binance suspending UST and LUNA withdrawals have been key drivers behind LUNA’sContinue reading “Unraveling the after-effects of recent loss on LUNA’s technicals”

As Bitcoin crashed below the $32k support level, panic took hold of the market and alt coins began to violently plunge as well. This time, even the stablecoins were not spared as TerraUSD [UST] dropped as low as $0.6879, and was trading at $0.9006 at press time. This understandably caused quite a FUD storm, asContinue reading “UST goes rogue, but Neutrino USD [USDN] ‘depeg(s)’ a different story”