$LUNA And $UST Price Volatility Spikes As Voting On Terra Fork Begins

$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

In This Article

Related News
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Terra chain halts operations, ASTRO token falls over 60% Terra chain halts operations, ASTRO token falls over 60%
Latest News More More
22 Hours Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
1 Day Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
1 Day Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
4 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open