Terra (LUNA) Price Hits Record Low, Can Do Kwon Fix This? - BitcoinEthereumNews.com
TeknolohiyaAng Terra (LUNA) Price Hits Record Low, Maaayos ba Ito ng Kwon?05 / 11 / 2022Balita ng Ethereum ng Bitcoin The Terra (LUNA) price has fallen to an all-time low below $1, despite founder Do Kwons proposal to fix the UST peg. The token slumped 98% in the past 24 hours, with losses showing no signs of slowing. LUNAs price crash saw it tumble from the top-10 cryptos to the 43rd place. Ang panukala from Do Kwon came after rescue measures from LUNA Foundation Guard (LFG), which oversees the UST stablecoin, appeared to have largely failed. The LFG had attempted to raise over $1 billion from investors. Ang mga Presyo ng Terra (LUNA) ay Nabigong Humawak sa Itaas sa $5 LUNA spot prices on Binance have hit a minimum of $0.83. Meanwhile, the LUNA perpetual contract rate was in negative territory, while the 24-hour transaction volume reached $25 billion. Anchor Protocol, Terras biggest DeFi protocol, saw its total value locked sink nearly 90% in the past week, now standing at around $2 billion. Some reports suggested LFGs proposal to raise more than $1 billion in capital from Jump Crypto, Celsius, Jane Street, and Almeda has failed. The LFG aimed to raise capital to balance the Terra