Terra’s LUNA drops below $5Terra’s LUNA plunged below the $5 mark, hitting an intraday low of $4.21. The cryptocurrency is now down by almost 90% within a week.
TerraUSD is trading at $0.34, having failed to restore its peg despite Luna Foundation Guard using all of its BTC reserves to back the algorithmic stablecoin.
CoinMarketCap has also added a flag with the need to learn about Terra and be extremely careful before investing. Usually such notifications are put on shitcoins warning people about the high risk.
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