LUNA, the main token of the Terra blockchain ecosystem, experienced a sharp drop in the early hours of Tuesday.
According to the data at the time of writing, the price of LUNA today morning $9.61 in USDT pair on Binance dropped to an all-time low.
Binance; among crypto exchanges has the largest LUNA trading volume of importance to.
According to CoinGecko data, LUNA is more just a day ago over $40 could change hands. After problems with algorithmic stablecoin UST, LUNA price by more than 60 percent there was a decrease.
Tied to Terra and to US dollars so that it is equivalent to 1:1 UST, which was designed, lost this equivalence and on Monday for $0.60 as much as it declined. UST is currently priced at $0.76 on Binance.
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.
On the other hand, Bitcoin (BTC) price as of Tuesday morning about 31 thousand 630 dollars watching level.