0-10k LUNA

10k-100k LUNA

100k-1m LUNA

1m-10m LUNA

>10m LUNA

Addresses by Holdings

Total active

Zero balance

Daily Active Addresses

Price

Number of Transactions

Transactions

Total Volume

Volume

Terra

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Due to limited liquidity, LUNA sell orders will not be accepted from 10:51 PM - 11:11 PM CT. Please submit your orders outside of this window.

On Thurs. May 25, Terraform Labs announced that the Terra community had approved the creation of a new blockchain, Luna 2.0. The creation of this new chain is a response to unprecedented volatility on the Luna 1.0 chain, which caused the price of the original LUNA and UST to collapse almost to zero. 

As part of the migration, the former asset LUNA will become Luna Classic, or LUNC. A portion of LUNA holders will be eligible to receive an airdrop of the new token (LUNA), per the terms outlined by Terraform Labs.

The new Terra blockchain will utilize the new LUNA, and will not include the UST stablecoin. 

On 9 May, after nearly 18 months of steadily holding its value against the US dollar, the so-called stablecoin TerraUSD (UST) became unpegged. The uncoupling triggered a cascade response that ultimately crashed UST and the Terra (LUNA).

TerraUSD (UST) is a stablecoin, which means it is a cryptocurrency pegged to a fiat currency. In this case, it is designed to be pegged to the US dollar. Stablecoins are intended to allow investors to hold crypto assets with less volatility, and trade a dollar equivalent without needing to cash out their positions. 

UST is considered an algorithmic stablecoin because instead of being backed by assets such as cash or cash equivalents, it is supported by on-chain code that facilitates a change in the supply and demand between UST and LUNA.

LUNA is the cryptocurrency that works in unison with UST in an effort to keep UST in 1:1 parity with the US dollar. One dollar of LUNA can always be converted at a 1:1 ratio to 1 UST. 

For example, if LUNA is trading at $10, then it can be redeemed for 10 UST, and 10 UST can be redeemed for 1 LUNA. If UST rises above its $1 peg to $1.01, then traders can swap 1 USD of LUNA for 1 UST. This trade burns 1 LUNA and mints 1 UST, which can then be sold for 1.01 USD. 

If UST rises to $1.02, then traders can sell for a 2 cent profit, and so on. 


In theory, increasing the supply of UST and lowering the supply of LUNA brings the price of UST back down until it reaches $1. Conversely, if UST drops below the $1 peg, then traders will be incentivized to buy 1 UST for 0.99 USD, which can then be swapped for 1 LUNA. 

This move burns UST and mints LUNA, sending UST higher towards the $1 peg.

UST lost its peg to the dollar starting on May 8th following large withdrawals of UST from Terra’s DeFi protocol Anchor. UST fell quickly, and struggled to regain its peg because the burning of UST and minting of LUNA couldn’t keep up. 

UST descended rapidly as the prolonged de-pegging led to uncertainty and a snowball effect of larger withdrawals. 


A significant share of circulating UST was locked on Anchor, a Terra-based lending and borrowing protocol that paid users 19.5% to stake UST. 

The LFG used up about $2.9 billion of its bitcoin reserves in an unsuccessful attempt to revive UST. 

WSJ 
Decrypt 
Bloomberg

*This content is for educational purposes and is not investment advice.

Terraform Labs founder Do Kwon, who is wanted by South Korean authorities, is not in the city-state, Reuters reported. The post Do Kwon is not in Singapore, according to police: Reuters appeared first on The Block.

Do Kwon is not in Singapore, according to police: Reuters

According to local reports stemming from South Korea, the country's foreign ministry is looking to invalidate the co-founder of Terraform Labs Do Kwon's passport. The story was published the day after it was reported that Seoul's Southern District Prosecutors Office issued a warrant for Kwon's arrest.

South Korea's Ministry of Foreign Affairs Plans to Revoke Do Kwon's Passport: Report

A court in South Korea is issuing an arrest warrant for Terraform Labs founder Do Kwon following the collapse of the cryptocurrency Terra (LUNA) and algorithmic stablecoin TerraUSD (UST).

South Korean Authorities Seeking Terra (LUNA) Founder Do Kwon With Arrest Warrant: Report

The South Korean Ministry of Finance has declared that it is seeking to revoke the passports of Do Kwon, a co-founder of Terra blockchain, and five other individuals associated with the beleaguered project, according to a report. Korean news outlet Munhwa Ilbo stated Dan Sung-Han, the director of the Seoul Southern District Prosecutor's Office for Financial and Securities Crimes, requested the finance ministry cancel the suspects' passports to speed up its hunt against the accused.

South Korean Government Seeks To Revoke Do Kwon's Passport: Report

According to the Financial Times, Singapore is not on South Korea's list of bilateral extradition treaties — and prosecutors want to pressure Kwon to return.

South Korea May Void Do Kwon's Passport and Issue Interpol Red Notice

In an effort to expedite the deportation of Terra's co-founder, South Korean officials look to void Do Kwon's passport.

South Korean Authorities Seek to Void Terra Cofounder Do Kwon's Passport: Report

South Korean prosecutors have asked the country's foreign ministry to invalidate Terraform Labs founder Do Kwon's passport, according to local media. The post South Korean authorities seek to invalidate Do Kwon's passport: Munhwa appeared first on The Block.

South Korean authorities seek to invalidate Do Kwon's passport: Munhwa

A warrant for the arrest of Do Kwon and five others has reportedly been issued by prosecutors in South Korea. The prosecutors allege that Kwon and his co-accused violated the country's capital markets law. In addition to the arrest warrant, prosecutors will reportedly request an Interpol red notice for the Terraform Labs chief executive officer.

Report: South Korean Prosecutors Issue Arrest Warrant for Terraform Labs CEO Do Kwon

According to Bloomberg, a court has also issued arrest warrants for five others on allegations that they violated South Korea's capital markets law.

South Korea Issues Arrest Warrant for Do Kwon

Terra-based decentralized finance products saw outflows of over $20 million this morning.

Terra's Luna, Luna Classic Tokens Plunge as South Korea Issues Arrest Warrant for Do Kwon

A South Korean court has issued an arrest warrant for Do Kwon, the primary developer of failed cryptocurrency Luna and the founder of blockchain platform Terraform Labs.

S.Korea court orders arrest of developer of failed cryptocurrency Luna

Terra has lost steam after last week's sudden surge, but both LUNA and LUNA Classic are still way up in price over the last week.

Terra Falls Back Down to Earth: LUNA Sinks 38% From Recent High

The price action in LUNA and LUNC tokens looks more like that of meme tokens such as DOGE and SHIB.

Terra's LUNA Tumbles More Than 30%, Making U-Turn From Surge

A handful of under-the-radar altcoins are posting massive weekly gains and outperforming the rest of the crypto markets. One of the strongest performer in the digital asset space this week is LUNA, the native asset of the Terra hard fork designed to rescue the blockchain's ecosystem after its original version imploded earlier this year.

Four Altcoins Flying Under the Radar Shoot Up 82% or More in Just Seven Days As Crypto Markets Bounce

Bitcoin

Ethereum

The new British government sounds bullish on crypto, while discussions in Washington about regulation are intensifying.

This Week in Coins: Bitcoin and Ethereum Rebound, LUNA Moons

LUNA is crypto's largest gainer today among the top 100 coins—and it comes right after LUNA Classic had its own unexpected ascent.

Terra Comeback? LUNA Surges 166% After LUNA Classic's Own Rise

While it's unclear what caused LUNA's spike, a researcher at The Block suggests that ATOM's pump earlier Friday morning could be connected. The post LUNA's price more than triples, pushing market cap near $1 billion  appeared first on The Block.

LUNA's price more than triples, pushing market cap near $1 billion 

Stablecoin issuer Terra (LUNA) is seeing a massive price increase months after the protocol's stablecoin depegged from the US dollar and lost over 99.9% of its value. The Ethereum (ETH) competitor exploded from $1.96 to $5.

Terra (LUNA) Explodes 204% in Just 24 Hours As Bitcoin Blasts Above $21,000

The sudden rally of the revived Terra network's token comes after a similar surge of the collapsed Terra Classic blockchain's LUNC token.

Terra's LUNA Token Gains 200% in a Few Hours Amid Speculative Frenzy

While digital currencies jumped in value during the early morning trading sessions on Friday (ET), the new Terra token, LUNA 2.0, jumped more than 200% in value against the U.S. dollar. LUNA jumped from a low of $1.90 per unit to a high of $6.87, but the token's value has slipped to the $5.

LUNA 2.0 Token Jumps 200% Higher Against the US Dollar in 24 Hours

A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash. The Korean crypto exchange is investigating the details of the lawsuit. Upbit Sued by Crypto Investor Dunamu Inc.

Investor Sues Korean Crypto Exchange for Delaying Coin Transfer Before Luna Crash

Vitalik Buterin, the Ethereum (CRYPTO: ETH) blockchain co-founder, recently said that the decline in the price of crypto assets is suitable for the market as it will expose weaknesses.  During a recent interview, Buterin said that crypto prices dropping are good at revealing problems that were always there from the beginning.

Here's Why Vitalik Buterin Says Crypto Price Crashes Like Terra Luna Are Good For The Market

TerraForm Labs CEO Do Kwon is facing a new class action lawsuit for his involvement in the collapse of the Terra ecosystem earlier this year. Kwon is alleged to have promoted LUNA, UST and the Terra-based lending platform Anchor despite knowing that the projects would be unsustainable.

Do Kwon and Other Entities Hit With New Class Action Lawsuit for Alleged False Promotion of Terra's Tokens

During the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated' Terra blockchain tokens, now called terraclassicusd (USTC) and luna classic (LUNC), have seen significant gains.

Terra's 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours

When the Terra $UST algorithmic stablecoin de-pegged in May 2022, many feared that the crash would lead to a systemic crash of the entire cryptocurrency industry. Dan Thomson, the Chief Marketing Officer of leading DeFi platform — InsurAce, recounts how their prompt insurance payouts to over 155 victims who lost funds in the crash helped to sustain investor confidence in DeFi at such a critical period.

News for Terra Crypto (LUNA)