Terra (LUNA) Hit Rock Bottom

LUNA, the cryptocurrency of the Luna Foundation, which caused a collapse in the cryptocurrency market, lost 99 percent value.

Terra (LUNA) hit rock bottom. The cryptocurrency market has slumped as the LUNA foundation sells $2.4 billion worth of Bitcoin (BTC). While the reaction of investors to the Luna Foundation increased, Terra (LUNA), the cryptocurrency of the Terra ecosystem, lost 97 percent in one day and 99 percent in the last 7 days due to the harsh reaction of investors. From $96 to $0.85 Terra, the most depreciated asset in the cryptocurrency markets, suffered massive losses on both its stablecoin UST and LUNA. LUNA, which was trading at $96 six days ago, is now trading at $0.85 as of this writing. Binance Takes Action Binance, one of the world's largest cryptocurrency exchanges, has removed UST and LUNA from its list of transactions. After being delisted, LUNA fell more than 45 percent, while UST fell 15 percent.     Source: Hardware News