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What happened to Luna crypto?

There are two stories regarding Luna crypto: the TerraUSD/UST stablecoin and the actual Luna coin. Once Luna and UST crashed, there was a total liquidity crunch in the cryptocurrency space that caused an even more catastrophic loss of value. The crypto community still hasn’t recovered.

Which crypto exchanges support TERRA Luna (Lunc)?

Most crypto exchanges supported Terra Luna in the past, and they continue to do so now with Terra Classic (LUNC). Luna Classic is currently available on major platforms, including Binance, KuCoin, Kraken, Huobi Global, PancakeSwap (V2), MEXC and Gate.io.

Why did Terra Luna drop 80 per cent on Wednesday?

The cryptocurrency plunged over 80 per cent on Wednesday because of the UST (Terra USD), which is an algorithmic stablecoin, de-pegging fiasco. But how are Terra Luna and UST related? The success of the Terra ecosystem is based on the adoption of UST as a stablecoin, hence the LUNA token and UST are inextricably linked.

Why did Terra Luna crash?

Cryptocurrency Terra Luna crashed over 85 per cent on Wednesday, data from CoinMarketCap shows, with the cryptocurrency trading at $6.18 as of 12:30 PM IST. Why did Luna crash? The cryptocurrency plunged over 80 per cent on Wednesday because of the UST (Terra USD), which is an algorithmic stablecoin, de-pegging fiasco.

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