Its market cap last week was 18 billion, and it'll probably reach 0 in a day or two
Its complementary coin, TerraLuna, which can usually be exchanged for Terra, is down 97%
:brrrrrrrrrrrr: :stonks-down:
Its market cap last week was 18 billion, and it'll probably reach 0 in a day or two
Its complementary coin, TerraLuna, which can usually be exchanged for Terra, is down 97%
:brrrrrrrrrrrr: :stonks-down:
UST - the "stable coin" in the OP -bought a shitton of Bitcoin at around $45,000 about 7 weeks ago as a way to "back up" the currency. The price of Bitcoin fell a lot in the past week, which causes a run on the coin.