The native token of the Terra blockchain system, LUNA, was at $120 a month ago and is trading under $5 at the time of writing.
Also tied to Terra and to the US dollar so that it is equivalent to 1:1 The designed UST has lost this equivalence and TSI is based on USDT parity today morning. Dropped to $0.22 and now on Binance around 0.4 dollars is being traded.
In the last 24 hour period 84% depreciation at LUNA 27 million dollar liquidation took place. Sharing, which is a large DeFi project and has been constantly buying bitcoin in the past days, Terra’s market capitalization fell from $40 billion to $2 billion.
The supporter of the Terra ecosystem, the Luna Foundation Guard, to bring the UST back to normal. more than $1 billion went in search of money.
Luna Foundation Guard, About 42,530 bitcoins He bought it at a cost of 42 thousand dollars. However, there is no bitcoin in the account where they are currently accumulating bitcoins. The current loss of these bitcoins is approx. 1.2 billion dollar.