Terra Death Spiral Hits $3 as Bailout Rumors Fade
-LUNA’s price has continued to drop, down 96% this week.
-Terra’s efforts to restore the dollar peg for UST have severely impacted LUNA’s price.
-Terraform Labs CEO Do Kwon has addressed the community and outlined the company’s next move.
-There are rumors that a venture capital-backed bailout has fallen through.
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