Gate.io Blog：UST Decoupled from the US Dollar and LUNA Slumped by 60%
2022-05-10 08:33:39 UTC
46269 Số lượt đọc
【TL; DR】
In the early morning of May 8, UST was decoupled from the US dollar price and fell to $0.98. LUNA followed as well. The original Terra network token was also implicated, dropping below $65 on the same day. As per the time of writing this article (12:00 on May 10), UST had fallen to US $0.7641; LUNA has fallen to $25.7113.UST crashed due to its uncoupling
The collapse of this weekend (May 7) dealt another blow to the originally depressed market. The Terra ecosystem seems to have suffered a collaborative attack. UST sold up to 285 million UST on the stablecoin exchange agreement Curve and Binance. Due to the sell-off, UST was decoupled from the US dollar and once fell to a low of $0.98. Its sibling token LUNA fell 20% on the same day, below $65, to its lowest level in three months.In response to the decoupling incident, Do Kwon, the Terra founder, responded on twitter, "I have stipulated that it will not happen again in the next 7x24 hours. Those who are waiting for UST to become unstable will probably not see it until human extinction."
For more information on the specific analysis process, please read this blog：UST Decoupled from the US Dollar and LUNA Slumped by 60%
Gate.io Featured Articles
Gate.io Blog：Bitcoin and Ethereum Price Analysis
Gate.io Blog：Vitalik Buterin Explains Why You Should Keep Holding Your Bitcoins
Gate.io Blog：Vitalik Buterin Explains Why You Should Keep Holding Your Bitcoins
Gate.io Blog
As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home.We invite you to experience and bookmark this blog, in order to get essential investors tips.
Website: https://www.gate.io/blog/bloglist
*App will be launched soon, please keep an eye out for it!
Blog entry: Gate.io main menu bar "More Details - Gate Blog"
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
May 10
