Tag: Luna

LUNA, the collapsed token of the Terra ecosystem, saw a price spike Friday morning. With more than tripled in price, its market cap jumped 210% within 24 hours. Spike could be tied to the ATOM ecosystem pump earlier, The Block’s researcher suggests. LUNA, a governance token of the recently collapsed Terra ecosystem, has more than…

One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday – Sam Kessler and Sage D. Young analyzing on CoinDesk. The Terra money machine collapsed almost entirely Wednesday. The UST stablecoin remains deep in the sub-dollar doldrums for the third day running, and LUNA,…

Stablecoin TerraUSD (UST) has lost its dollar peg, falling to as low as $0.65 on Monday. Meantime, the price of LUNA, its sister token, has dropped over 44% to $35 in the past 24 hours. The accident comes after the Luna Foundation Guard (LFG) announced that its massive Bitcoin reserves will be used to defend…

Luna has purchased more than 11,700 Bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly? — analyses Namcios on Bitcoin Magazine. Luna Foundation Guard (LFG) has bought over 11,700 BTC worth roughly $520 million so far this week to build a Bitcoin reserve to support…

Terra, the fast-growing DeFi tool kit built on Cosmos, is now officially the second-largest ecosystem in decentralized finance after the latest rise in the price of LUNA, Terra’s native token. According to DeFi Llama, Terra currently boasts total value locked (TVL) of over $23 billion, marking an all-time high in US dollar terms. This is…

Everyone’s a genius trader during bull markets, but there are also ways to generate profits during bear trends. How to capitalize on liquidations, writes Elaine Hu on Cointelegraph. The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800…