PURBALINGGAKU – Downward trend crypto assets Terra LUNA still continues and makes LUNA coin drop badly, touching the lowest price of IDR 30,578 per coin, is it a rug pull?
for investor crypto assets LUNA flocked to attract liquid which made LUNA coin continue its free fall trend until today, Wednesday 11 May 2022.
Meanwhile, market capitalization crypto assets LUNA coin also continues to decrease because many investors are withdrawing and only around 39 trillion are left.
This resulted in Terra LUNA’s ranking position dropping from 14th to 37th as quoted from Coinmarketcap.
Also Read: UST Stablecoin Terra LUNA Drops To Low!
However, when LUNA coin shows a downward trend, the supply of crypto assets instead, it experienced a significant increase to a total of 1,011,645,097 LUNA coins at the time this article was written.
One of the causes of LUNA’s decline was caused by Terraform Labs (TFL), which is the developer of LUNA, emptying its treasury wallet containing around 42,530 BTC or the equivalent of 1.3 billion dollars today, quoted from Techcrunch.
The downward trend in LUNA also affected the stablecoin UST, which also experienced a decline.
TerraUSD or UST touched the lowest price at IDR 4,353 per coin.
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