All investors luna and TOPHe talks about the loss of value in .
The decline in Terra’s stablecoin UST was on the agenda of even the US Congress yesterday.
During her congress speech yesterday, US Treasury Secretary Janet Yellen reiterated her calls for regulation, citing what happened at the IHR as an example.
After yesterday’s sharp decline, the bleeding in Luna and UST continues today.
Luna fell as low as $4 during the day, while UST fell to $0.22, which should be stable at $1.
This decrease in UST has created an interesting picture in Bitcoin/UST.
While Bitcoin was trading at $30,000 in Tether parity, it rose to 137 999 levels in UST.
While wondering whether the losses in Terra and UST can be compensated, an important statement came from Do Know, the founder of Luna, yesterday.
Do Know shared on his Twitter account, “We will announce the plan to save Luna soon. Hold on tight,” he said. However, this share was not enough to keep the price.
Making another post earlier today, Do Know said “it’s getting closer, stay strong”.
Although Do Know’s shares may not hold the price for now, investors will closely follow the plan to be announced.