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Crypto Biz: Luna’s meltdown will live on in infamy, May 5-11, 2022
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Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA) reach $1.00 first?
The magnitude of this question provides a sobering reminder of just how quickly things can change in crypto. While Terraform Labs co-founder Do Kwon remains defiant, many people in the industry are beginning to distance themselves from the protocol they thought was delivering real-world utility for stablecoins and Bitcoin (BTC).The threat of contagion from Terra’s apparent collapse could take months or even years to fully quantify, but it looks like the howls of crypto winter are growing louder.
Read more on cointelegraph.comAbout this in other media
Do Kwon's New Terra Revival Plan Fights for Support as Trust Challenge Remains cryptonews.com /2 days ago
Terra is working to revive LUNA. Will it revisit its old glory? economictimes.indiatimes.com /2 days ago
Terra's Do Kwon Liquidated the South Korean Arm of Terraform Before LUNA & UST Crisis cryptonews.com /2 days ago
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