Cryptocurrency News

LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?

2022.05.09 18:37

LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?
LUNA drops 20% in a day as whale dumps Terra’s UST stablecoin — selloff risks ahead?

Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST).

The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in three months, after a whale mass-dumped $285 million worth of UST. As a result of this selloff, UST briefly lost its United States dollar peg, falling to as low as $0.98.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 105,204.19 1.80%
ethereum
Ethereum (ETH) $ 3,873.98 3.22%
xrp
XRP (XRP) $ 2.54 5.30%
tether
Tether (USDT) $ 1.00 0.06%
bnb
BNB (BNB) $ 718.16 0.64%
solana
Solana (SOL) $ 217.34 3.89%
dogecoin
Dogecoin (DOGE) $ 0.38566 5.00%
usd-coin
USDC (USDC) $ 1.00 0.07%
staked-ether
Lido Staked Ether (STETH) $ 3,867.40 3.23%
cardano
Cardano (ADA) $ 1.04 5.92%
tron
TRON (TRX) $ 0.27249 7.65%
avalanche-2
Avalanche (AVAX) $ 46.66 7.63%
chainlink
Chainlink (LINK) $ 27.27 3.64%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,600.05 3.12%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 5.78%
the-open-network
Toncoin (TON) $ 5.71 6.30%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,775.07 1.82%
sui
Sui (SUI) $ 4.52 5.63%
stellar
Stellar (XLM) $ 0.434363 4.07%
polkadot
Polkadot (DOT) $ 8.24 7.01%
hedera-hashgraph
Hedera (HBAR) $ 0.296546 1.99%
weth
WETH (WETH) $ 3,870.43 3.28%
bitcoin-cash
Bitcoin Cash (BCH) $ 524.57 3.34%
uniswap
Uniswap (UNI) $ 15.95 2.07%
pepe
Pepe (PEPE) $ 0.000021 8.66%
leo-token
LEO Token (LEO) $ 9.62 0.41%
litecoin
Litecoin (LTC) $ 117.74 0.92%
hyperliquid
Hyperliquid (HYPE) $ 26.58 1.36%
near
NEAR Protocol (NEAR) $ 6.22 10.29%
wrapped-eeth
Wrapped eETH (WEETH) $ 4,085.27 3.36%
aptos
Aptos (APT) $ 12.74 8.43%
bitget-token
Bitget Token (BGB) $ 4.44 13.67%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
internet-computer
Internet Computer (ICP) $ 11.97 6.23%
aave
Aave (AAVE) $ 373.58 0.82%
usds
USDS (USDS) $ 1.00 0.00%
crypto-com-chain
Cronos (CRO) $ 0.187801 2.63%
ethereum-classic
Ethereum Classic (ETC) $ 31.65 5.72%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.55508 6.98%
vechain
VeChain (VET) $ 0.054142 7.91%
render-token
Render (RENDER) $ 8.35 7.07%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.57 7.12%
monero
Monero (XMR) $ 217.37 1.25%
mantle
Mantle (MNT) $ 1.18 3.75%
arbitrum
Arbitrum (ARB) $ 0.931818 6.60%
bittensor
Bittensor (TAO) $ 528.23 2.24%
mantra-dao
MANTRA (OM) $ 4.05 3.65%
filecoin
Filecoin (FIL) $ 6.11 6.87%
fantom
Fantom (FTM) $ 1.29 7.58%
whitebit
WhiteBIT Coin (WBT) $ 25.03 0.91%