Terra $LUNA price further dips under $0.01, 15 billion new LUNA created Cryptocrash altcoins UST LUNAtics
A significant increase in supply put additional selling pressure on LUNA, causing a price decline. At the same time, it helped UST rebound, with the beleaguered stablecoin reaching $0.843 on Coinbase earlier today. At the time of writing, UST was down 44% to $0.42.data, LUNA's price has dropped 99.54% in the past 24 hours alone, trading at $0.006 at the time of publication. That is down from highs of around $88.
LUNA plunged drastically as TerraUSD , Terra's algorithmic stablecoin that is supposed to be priced 1:1 to the U.S. dollar, lost its parity.1. Proposal to burn the remaining UST in the community pool.3. TFL just staked 240 million
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