Terra LUNA was resurrected with the hard-fork in a new blockchain, exchanges are eagerly uploading the token and among the desperation and greed there are pumps of up to 4,400,000% trading at $6 against Tether USDT
Terra’s terrible collapse is still unfolding as more information surfaces on the case, posing troubles from every direction coming after Do Kwon
The creator of Dogecoin, Billy Markus, said that 70% of crypto investors “have absolutely no clue” days after the collapse of Terra UST and LUNA
Luna Foundation Guard had amassed a reserve of $3.5 billion in 80,394 Bitcoins alone to protect the UST peg, they sold it all and failed anyways
After the failure of the algorithmic stablecoin UST from Terraform Labs, Delphi Digital, published their lessons on what happened
Do Kwon, Terra’s founder, just published a plan to revive the remaining LUNAtics in the Terra ecosystem, consisting of a fork leaving algorithmic stablecoins behind and redistribution of tokens
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