What Happened to Terra Luna?by@juxtathinka
19,279 reads

What Happened to Terra Luna?

July 22nd 2022
7 min
by @juxtathinka 19,279 reads
tldt arrow
EN
Read on Terminal Reader

Too Long; Didn't Read

The Terra Luna token is the native token of Terra, a blockchain that was developed by a Korean based firm known as Terraform labs. The asset is now famous for the crypto crash that occurred in May of 2022: the token which sold as high as $80 per $LUNA is now currently $0.0001074 per $LUNC. The token was widely accepted because it was backed by its algorithmic stablecoin sister token which is known as the Terra Classic USD $UST. In December 2021, Terra overtook the BNB smart chain to become the second largest DeFi protocol.

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - What Happened to Terra Luna?
Juxtathinka HackerNoon profile picture

@juxtathinka

Juxtathinka

Learn More
LEARN MORE ABOUT @JUXTATHINKA'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa