0-1k LUNA

1k-10k LUNA

10k-100k LUNA

100k-1m LUNA

>1m 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.

Bitcoin

Ethereum-challenger and stablecoin issuer Terra (LUNA) plans to accumulate a staggering $10 billion worth of Bitcoin (BTC) to add to its reserves, according to Do Kwon, the project's founder and chief executive officer. Kwon took to Twitter to tell his 248,000 followers that Terra will be one of the world's largest stakeholders of BTC. Terra […] The post Terra (LUNA) Co-Founder Unveils Plan To Build $10,000,000,000 Worth of Bitcoin (BTC) Reserves appeared first on The Daily Hodl.

Terra (LUNA) Co-Founder Unveils Plan To Build $10,000,000,000 Worth of Bitcoin (BTC) Reserves

A widely followed crypto strategist says that Ethereum (ETH) competitor Terra (LUNA) is poised to hit new all-time highs despite general sideways action across the crypto markets. Pseudonymous trader Kaleo tells his 473,900 Twitter followers that decentralized finance (DeFi) payment network Terra (LUNA) could soar by at least 70% if it manages to surpass its […] The post Analyst Says One Ethereum Rival May Soon Witness Meteoric Rally, Far Outperforming Bitcoin and Crypto Markets appeared first on The Daily Hodl.

Analyst Says One Ethereum Rival May Soon Witness Meteoric Rally, Far Outperforming Bitcoin and Crypto Markets

Ethereum

Cosmos

A robot that's earned a reputation for outperforming the markets just unveiled its latest crypto portfolio allocations with results that have surprised some traders. The Real Vision Bot compiles surveys of cryptocurrency-related data to create algorithmic portfolio assessments on a weekly basis. According to Real Vision, the bot's allocations, which are based on aggregated opinions […] The post Real Vision Bot Known for Outperforming Market Flocks to Bitcoin, Ethereum and Two ETH Rivals appeared first on The Daily Hodl.

Real Vision Bot Known for Outperforming Market Flocks to Bitcoin, Ethereum and Two ETH Rivals

The non-profit is looking to acquire even more collateral backing for UST by burning 4 million LUNA coins. The post Luna Foundation Guard votes to raise additional $372 million collateral appeared first on The Block.

Luna Foundation Guard votes to raise additional $372 million collateral

Terraform Labs CEO Do Kwon has finalised a bet with a crypto personality named GCR to the tune of $10 million. The post Terraform Labs CEO Do Kwon seals $10 million bet over LUNA price appeared first on The Block.

Terraform Labs CEO Do Kwon seals $10 million bet over LUNA price

Fantom

Chainlink

A closely tracked crypto trader says that Ethereum rival Terra (LUNA) might be following the same path that decentralized oracle Chainlink (LINK) took when it experienced its last big correction. The pseudonymous analyst known as Capo tells his 248,000 Twitter followers that traders are overlooking some striking similarities in price action between LINK and LUNA. […] The post Trader Says Terra (LUNA) Following Corrective Path of Chainlink (LINK), Warns of Downside Risk of Fantom (FTM) appeared first on The Daily Hodl.

Trader Says Terra (LUNA) Following Corrective Path of Chainlink (LINK), Warns of Downside Risk of Fantom (FTM)

Crypto intelligence firm IntoTheBlock is revealing the catalysts that pushed Ethereum (ETH) challenger Terra (LUNA) to new all-time highs. Terra is a decentralized finance (DeFi) payment network that allows users to mint stablecoin Terra USD (UST) by burning its native asset LUNA. UST holders have the option to deposit their Terra USD stacks to lending […] The post Here Are the Key Catalysts Pushing Ethereum Rival Terra (LUNA) to New All-Time Highs: Analytics Firm IntoTheBlock appeared first on The Daily Hodl.

Here Are the Key Catalysts Pushing Ethereum Rival Terra (LUNA) to New All-Time Highs: Analytics Firm IntoTheBlock

Members from within and without the Terra community have taken massive bets on the performance of the native token.

Will Terra's LUNA Top $88 This Time Next Year? A $1M Bet Says It Will

Do Kwon, founder of Terraform Labs, has bet $1 million on the future of LUNA and the Terra ecosystem — and agreed to another $10 million bet. The post Terraform Labs Do Kwon bets $1 million on LUNA's future price appeared first on The Block.

Terraform Labs Do Kwon bets $1 million on LUNA's future price

Polygon

Popular crypto analyst Michaël van de Poppe says he expects three of the largest altcoins by market cap to continue correcting before they establish a local bottom. Starting with decentralized finance (DeFi) payment network Terra (LUNA), Van de Poppe tells his 575,800 Twitter followers that he sees the seventh-ranked altcoin pulling back down to $70 […] The post Analyst Michaël van de Poppe Predicts Bottoms for Terra (LUNA), Polygon (MATIC) and Fantom (FTM) appeared first on The Daily Hodl.

Analyst Michaël van de Poppe Predicts Bottoms for Terra (LUNA), Polygon (MATIC) and Fantom (FTM)

Cardano

Avalanche

Solana

The following is an excerpt from the daily CryptoCodex email newsletter. Sign up now for free here...

CryptoCodex: Bitcoin And Crypto Are Braced For A Huge Week As The Price Of Ethereum, BNB, XRP, Solana, Cardano, Terra's Luna And Avalanche Swing

A closely followed crypt trader is predicting a deep corrective move for one of Ethereum's most explosive competitors. Pseudonymous trader Light tells his 149,400 Twitter followers that he's shorting Terra (LUNA) with a price target at $51. He believes the decentralized finance (DeFi) payment network will suffer due to its reliance on the Terra-based stablecoin […] The post Top Trader Issues Crypto Warning, Says One of Ethereum's Biggest Competitors Heading for Severe Correction appeared first on The Daily Hodl.

Top Trader Issues Crypto Warning, Says One of Ethereum's Biggest Competitors Heading for Severe Correction

Although cryptocurrency markets started the weekend lower, XRP was able to avoid the red wave, rising by as much as 7% in the process. LUNA on the other hand was lower, with ANC also down close to 10%. Ripple (XRP) XRP rose to its highest level in almost one month on Saturday, as the world's […]

Biggest Movers: XRP Rises 7%, While LUNA Falls by the Same Amount

Terraform Labs, the company behind the creation of Terra, has announced a new donation to support the ecosystem of the terra (LUNA) token. Do Kwon, CEO of Terraform Labs, announced that the company has donated 12 million LUNA (approximately $1.2 billion) to the Luna Foundation Guard (LFG) with the goal of continuing to grow its […]

Terraform Labs Donates 12 Million LUNA to Luna Foundation Guard

The Luna Foundation Guard (LFG), a nonprofit organization, has announced new measures to keep the supply of UST, the flagship stablecoin of the Terra ecosystem, liquid in secondary markets. The protocol has already reached the max issuance of UST per day, but demand is strong enough that the foundation will have to burn more LUNA […]

Demand for UST Keeps Rising, Luna Foundation Guard to Burn 4.2 Million LUNA From Treasury

Americans have recieved three rounds of stimulus payments from the government. In 2020, the Coronavirus Aid, Relief and Economic Act mandated payments of $1,200 for eligible adults — another $500 was available for those with qualifying children.

Investing Stimulus Checks In Terra (Luna) Cryptocurrency Would Have Fetched Whopping 23674% Returns Now

A closely followed crypto analyst is telling traders to think twice about trying to short sell one red-hot Ethereum competitor. The pseudonymous analyst known as Altcoin Sherpa tells his 169,000 followers on Twitter that he expects Terra (LUNA) to wildly outperform Bitcoin every time BTC sees a price spike. “LUNA: Once again, this is a […] The post One Ethereum Competitor Is Set To Dramatically Outperform Bitcoin and Altcoin Markets, According to Popular Crypto Trader appeared first on The Daily Hodl.

One Ethereum Competitor Is Set To Dramatically Outperform Bitcoin and Altcoin Markets, According to Popular Crypto Trader

Strong demand for Terra's stablecoin is behind the big move for sister token LUNA.

LUNA Surges 25% to New All-Time High of $104

LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run that […]

Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order

Terra's native token LUNA has risen 20% overnight as the crypto network attracts more DeFi users and enjoys a rise in staking activity. 

LUNA Skyrockets 20% Amid Rise in DeFi, Staking on Terra 

Bitcoin and cryptocurrency prices have soared following the premature publication of a U.S. Treasury statement on a long-awaited Biden administration executive order...

Leak Reveals Biden's Crypto Plans— Sending The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP, Terra's Luna And Avalanche Higher

One popular crypto analyst is eyeing a public blockchain protocol underpinning a suite of decentralized stablecoins as the possible solution for payments during a time of economic transition. In a new strategy session, the host of financial education YouTube channel InvestAnswers tells his 417,000 subscribers why decentralized stablecoins might suit the future needs of both […] The post Crypto Analyst Says Technology Behind Terra (LUNA) Will Be the Future of Global Payments – Here's Why appeared first on The Daily Hodl.

Crypto Analyst Says Technology Behind Terra (LUNA) Will Be the Future of Global Payments – Here's Why

Terra, one of the top 10 cryptocurrency projects by market cap, has reached a UST-related milestone recently. The Luna Foundation Guard (LFG), a nonprofit organization, reported that the protocol had reached the maximum daily issuance of its flagship stablecoin, UST. This is due to high demand that interested parties are showing in minting the asset. […]

Terra Protocol Reaches Maximum Issuance of UST Daily, LFG Foundation Steps In

A widely followed crypto strategist says he's bullish on Ethereum rival Terra (LUNA) despite the ongoing correction in the crypto markets. The pseudonymous analyst known as The Crypto Dog tells his 736,200 Twitter followers that it's only a matter of time before decentralized finance (DeFi) payment network Terra rallies to new all-time highs. “LUNA is […] The post Crypto Analyst Predicts Ethereum Competitor Terra (LUNA) Rallies to New All-Time Highs As Ecosystem Explodes appeared first on The Daily Hodl.

Crypto Analyst Predicts Ethereum Competitor Terra (LUNA) Rallies to New All-Time Highs As Ecosystem Explodes

The latest rise in the price of LUNA, Terra's native token, has made Terra the second-largest home for all things DeFi.

News for Terra Crypto (LUNA)