Terra LUNA and UST — latest developments following the crash
3 min readMay 13, 2022
In case you missed it, LUNA fell 99.999% from it’s previous $117 all-time-high position and is now trading at a mind-boggling $0.0001 following the depeg of UST — an algorithmic stablecoin provided by Terra Labs.
LUNA and UST latest news
Here are the latest developments since LUNAs catastrophic crash which occurred and on the 11th of May 2022 and it is still ongoing:
If you’re unfamiliar with the situation, I suggest you read more about the UST, Terra and Luna crash here to understand why this has happened in the first place.
UPDATE: The CEO of Terra Labs has announced a LUNA recovery plan - read all about it here, or continue with the pulse-check.
LUNA Daily Price Updates
- 11th of May 2022— Luna fell 99.47%, and was trading at just under $1.
- 12th of May 2022 — LUNA fell a further 99% and was trading at just $0.01.
- 13th of May 2022 — LUNA fell 99.999% more and trades at $0.0001.
- 14th of May 2022 — LUNA recovered from yesterday’s low and trades at. $0.00028.
- 15th of May 2022 — LUNA seems to have stabilised at around $0.00023.
