Terra LUNA and UST — latest developments following the crash

CyberPunkMetalHead
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.

That’s three 99%+ drops from previous positions for 3 times in a row. It is mathematically not impossible for a number to lose 99% of its value on a daily basis ad infinitum, but this is a truly insane and unique event in crypto, especially when considering LUNA was previously a top 10 coin.

UST Daily Price Updates

  • 11th of May 2022 — UST fell 60% from its previous $0.6 to just $0.2.
  • 12th of May 2022 — UST experienced a slight correction but fell back down to $0.25.
  • 13th of May 2022 — UST fell to an all time low of just $0.037 and is now trading at $0.14.
  • 14th of May 2022 — UST made a slight recovery and is now trading at $0.19.
  • 15th of May 2022 — No sigh of recovery for UST as it trades at around $0.16.

LUNA and Terra blockchain Updates

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CyberPunkMetalHead

x3 Top Writer and co-founder of Algo Trading Platform AESIR. I write about crypto, trading, tech and coding.