Following the Terra’s TerraUSD (UST) stablecoin misfortunes after it de-pegged from the US Dollar, the price of LUNA, which is Terra’s native token, has crashed from above $80 to about $0.023. The fiasco surrounding the UST has sent shock waves across the entire crypto market and specifically the algorithmic stablecoins.
Following the UST de-pegging, the co-founder of Terraform Labs, Do Kwon, announced a “recovery plan” in a series of tweets, saying the company would seek additional outside funding and “rebuild” TerraUSD so that it is collateralized.
Today, in the evening, the Terra blockchain was officially halted at a block height of 7603700 to prevent governance attacks following severe LUNA token inflation and a significantly reduced cost of attack.
To help investors and traders who want to take advantage of the current Terra (LUNA) dip by purchasing it at its current low price, Coinjournal has created a brief article to help with identifying the best places to buy it.
To find out more, please continue reading.
Best places to buy Terra (LUNA)
eToro
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Celsius
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What is LUNA?
LUNA is the
