LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to ‘Stay Strong’ Markets and Prices Bitcoin News

– Do Kwon has urged holders of LUNA to stay strong, as the price moves ever closer to zero.
– Prices have plunged, falling to a new low this morning.
– Following the UST stablecoin losing parity with USD, prices have plunged, falling to a new low this morning.
– As of writing, LUNA/USD is trading at $5.45, which is marginally higher than its earlier low of $4.21.
– Prices are down nearly 90% from yesterdays peak of $34.28, and only seven days removed from it trading at a high of $88.40.
– UST also moved towards zero, hitting a bottom of $0.2998 earlier today.
– Although some are still confident in the premise of algorithmic stablecoins, it is yet to be seen if UST will survive long enough to be a part of any future developments.

shutterstock 2154798035 LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to 'Stay Strong' Markets and Prices Bitcoin News
LUNA, UST Move Closer to Zero, as Do Kwon Asks Holders to 'Stay Strong' Markets and Prices Bitcoin News 2

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