What Happened to Terra Luna?
The Terra Luna token is the native token of Terra, a blockchain that was developed by a Korean based firm known as Terraform labs. The asset is now famous for the crypto crash that occurred in May of 2022: the token which sold as high as $80 per $LUNA is now currently $0.0001074 per $LUNC. The token was widely accepted because it was backed by its algorithmic stablecoin sister token which is known as the Terra Classic USD $UST. In December 2021, Terra overtook the BNB smart chain to become the second largest DeFi protocol. Read All