Biggest Movers: LUNA Climbs 1,500% Following Do Kwon Tweets, While AVAX and NEAR Fall on Saturday

Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturday. However, with several exchanges halting deposits, only those who entered at the very bottom have seen these gains. This comes as AVAX and NEAR both fell by over 20%. Avalanche (AVAX) Although LUNA was undoubtedly today's biggest gainer, recent volatility and

Timeline of Avalanche, Terra-luna

Avalanche price analysis indicates AVAX closed the week in a bearish trend and is now trading around $30.The prices have declined by 15.08 percent in the last 24 hours and are likely to plummet further. The digital currency has been on a downtrend for the entire week and today it hit the lowest point of.

Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon's apartment was visited by an unidentified person. Do Kwon's spouse has requested protection from the Seongdong police in Seoul after the unknown person broke into the apartment building and rang the doorbell

The Terra (LUNA) token and its stablecoin UST crashed down to the ground in a historic dump. Almost every big crypto trading exchange in the world delisted both the tokens from their platforms.

Organizers of the Terra Dapp Expo have decided to cancel the upcoming convention that was meant to take place in June 2022 in Austin, Texas. The post Security Concerns Prompt Cancellation of Terra Dapp Expo appeared first on BeInCrypto.

Terra has been at the receiving end of one of the most disastrous downfalls in the history of crypto and blockchain. Terra's stablecoin project, UST, and its native token, LUNA, crashed in the past few days.

In a move that has likely aged like milk, Terra founder Do Kwon had in March collectively bet around $11 million with two crypto traders on the price of LUNA. Kwon wagered that LUNA would trade above $88 by March 2023- exactly a year from the placing of the bet.

Terra's (LUNA) price currently appears to have stabilized to a large extent as the prices have surged magnificently. As soon as the exchanges resumed the LUNA and UST trades, people flooded into the market to accumulate LUNA at the cheapest price. And as a result, the prices skyrocketed massively but on the other hand, the …

Do Kwon proposed a clean slate for Terra without the UST stablecoin with hopes to revive the network after the collapse so let's read more today In our latest cryptocurrency news. Do Kwon proposed a revival plan after a short absence from Twitter and social media.

Finally breaking his silence after the recent collapse of the Terra ecosystem, founder Do Kwon came up with a revival plan for the Terra blockchain network. Besides, the founder also said that they should deploy their Bitcoin reserve for the rescue plan.

Terra co-founder and CEO of Terra Labs, Do Kwon, has finally spoken on the crash of its network. He has submitted a proposal on how the embattled Terra ecosystem can be salvaged from its current ruins.