@BOMBERuss 30 May 2022 more from that month

The price of the new #Terra (LUNA) token has fallen by 67% since the launch of the new Terra ecosystem on May 28. The cost of the cryptocurrency at launch was $18.87 and on the same day fell to a minimum at $4.08, according to #CoinGecko. As of May 30, the coin is trading at about $ 6, the trading volume is $ 160 million. New #LUNA tokens are distributed to holders of old Luna Classic (#LUNC) and TerraUSD Classic (#USTC) coins, in accordance with the plan of Terraform Labs CEO Do Kwon to revive the Terra system, the collapse of which began on May 8. The UST stablecoin lost its peg to the US dollar, and the Terra system algorithm began to rapidly issue new LUNA tokens to ensure the stability of the #UST exchange rate, which increased the LUNA issue to 6.9 trillion coins. As a result, the price of the #token collapsed to $0.0001, although in early April it reached $ 120.