Terra’s Crypto Tokens UST and Luna Classic Mysteriously Pumped This Week, UST Climbed by 470%

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After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S.dollar in recent times.

During the last seven days, LUNC has risen 96.3% and the once-stable coin UST has increased 472.4% this week.

When UST depegged it dropped below a U.S.penny, and tapped a low of $0.006 per unit on June 18, 2022.However, since the $0.006 per unit low, UST has jumped 617.5% from that range.UST swelled by 472.4% this week to $0.0926 per unit on June 29.

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Author / Journalist: Jamie Redman

Category: Crypto

Topics: LUNC Anchor Markets and prices Depegged LUNA 2.0 token Validators Defillama.com Once-Stable Coin TerraUSD Markets Depegging LUNC DAO LUNA Risk Harbor Decentralized finance Luna 2.0 UST Market Updates DeFi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 05:30:41

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Reading Time: 4 minutes read

Article Length: 642 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 24713

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