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cryptonews 2022-05-11 08:14:00

UST and LUNA Keep Collapsing, No Word from Do Kwon on Promised 'Recovery Plan'

Both terraUSD (UST) and terra (LUNA) still can't find their price bottom today. UST, the algorithmic stablecoin built on the Terra blockchain, is continuing to collapse on Wednesday, after initially losing its US dollar peg on Monday. The price crash comes as Terra founder Do Kwon has gone silent, with no updates on his Twitter profile for the past 8 hours, as of 08:00 UTC....Read More: UST and LUNA Keep Collapsing, No Word from Do Kwon on Promised 'Recovery Plan'

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