Although Terra has done well in the long-term, it experienced a significant crash on May 12, dropping its price under $0.02. It announced in a tweet that it was halting the blockchain temporarily. Do Kwon, founder of Terraform Labs, announced a plan for recovery here on Twitter prior to the pause. Despite its recent struggles, LUNA may still be worth watching. That risk came to fruition when UST “depegged” multiple times over several days in early May, causing terra’s price to nosedive.
0 Comments
Leave a Reply. |
Archives
July 2022
Categories |