$LUNA and $UST price volatility spikes as voting on Terra Fork begins. The volatility comes after Terra conducted a community vote on its recovery proposal, which proposes to hard fork the blockchain into a new version. The new version would ditch the $UST and create a new $LUNA token. The old chain will be called Terra Classic. $UST price jump 200% within minutes of the start of the proposal vote, before dropping back below $0.1 shortly after. The price of $LUNA jumped as much as 10% at first, then dropped sharply to as low as $0.00001464, trading down about 20% in the last 24 hours.
Source Terra
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