LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead? -Breaking
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LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?(LUNAAfter seeing a dramatic drop in, () plunged substantially FUD attackTerraUSD (UST) is the native stablecoin.
After a 285 million UST whale mass, which drained $285million worth of UST, the pair plunged 20% from May 7 to May 8. It then fell to $61, the lowest point in three months. UST temporarily lost the U.S. Dollar peg due to the selloff. The price fell as low at $0.98
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