278 Million LUNA Burned Since Do Kwon Posted Burning Address
On May 21st, Do Kwon, the CEO, and founder of the now infamous Terra posted in a Twitter conversation a dead wallet address, where people can send their LUNA tokens for burning
Terra (LUNA) Trading Volume Spike 200% as Market Correct To a Death Spiral
It required just 7 days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 12th. As the market slowly got clarity on what transpired, the trading volume of LUNA witnessed a steep recovery roughly above 200% over the weekend.
Jack Dorsey Highlights Reasons The Bitcoin Will Spike In The Long Term
Billionaire and supporter of Bitcoin Jack Dorsey, who co-founded Twitter and was its chief executive until 29th November last year,
BNB Spikes 33% Within 24 Hours as Crypto Market Starts to Regain: Here Are Likely Reasons
Binance Coin (BNB) has displayed a spike of 33% since yesterday, and the head of Binance, CZ, noted it in his recent tweet, typing “BNB.”
Terra (LUNA) Displays Big Breach in “Buy the Dip” Concept: Peter Schiff
CEO of Euro Pacific Capital and gold investor Peter Schiff has taken to Twitter to comment on the recent collapse of LUNA to zero.
Terra Initiates Proposal to Burn Remaining UST
A new proposal with additional points added to Do Kwon’s initial rescue plan for UST was presented on May 12. Do Kwon is the CEO of Terraform Labs.
Terra Bypasses Tesla As It Becomes The Second-largest Corporate Holder Of Bitcoin
As Stated by Cryptolifedigital, Terra started buying Bitcoin in late February to ensure the stability of the TerraUSD (UST) token, which is supposed to maintain its dollar peg.
Terra’s Stablecoin Added as Base Currency to Binance.US
Binance.US has made an announcement about adding a new trading pair that allows trading Bitcoin, the largest cryptocurrency, against Terra’s red-hot UST stablecoin.