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Showing posts with the label Terra

Terra Trading at KuCoin

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So a brand new LUNA token appeared, this is the so-called Terra 2.0 or LUNA 2.0 token. The original LUNA token has been renamed to LUNC, and UST has been renamed to USTC. The trading volume on the new LUNA token seems pretty crazy right now, second only to Bitcoin, probably tons of speculators hoping to make a quick buck, but I hope this will help the Terra team and community get up on their feet, it will do the entire crypto market good if they can recover from this. I'm not invested by the way. Terra a.k.a. Terra 2.0: https://www.kucoin.com/trade/LUNA-USDC https://www.kucoin.com/trade/LUNA-USDT Terra Classic: https://www.kucoin.com/trade/LUNC-USDC https://www.kucoin.com/trade/LUNC-USDT Terra Classic USD: https://www.kucoin.com/trade/USTC-USDC https://www.kucoin.com/trade/USTC-USDT

Somebody File Police Report on UST/LUNA

https://watcher.guru/news/investor-files-police-report-against-terra-founder Accordingly to the screenshots to the police report, this person knows at least 1000 or more Singaporeans invested in UST and/or LUNA, but there is no mention of how much was invested or lost. One glaring point in the report is this, "influencers and finance gurus told people lies saying UST is 100% safe and they can earn 19% forever " There are 4 blog links in the police report, using the  Wayback Machine  to look up archive copies of the blogs, I couldn't find anywhere that says 100% safe or 19% forever, in fact the blog writers actually mentioned the risks of UST/LUNA, for example death spiral and depegging. https://blog.seedly.sg/anchor-protocol-review-anc https://kpo-and-czm.blogspot.com/2022/05/retiring-using-anchor-earn-crypto-com-visa.html https://www.drwealth.com/what-is-terra-luna https://investmentmoats.com/money/stablecoins-high-interest-how-safe Regardless, it is very unfortunate th

Painful to Watch - UST and LUNA

https://marrythaigirlsingapore.blogspot.com/2022/05/tough-days-for-crypto-market.html Still find it incredible this happened in less than a week's time. I don't want to use any negative words or phrase anything negative until the Terra team and its community says it's over. Personally I'm not invested in UST or LUNA, used to hold some LUNA but sold a few months ago. 3 days ago when I blogged about it I thought nothing serious because it's not the first time any stablecoin depegged, even the likes of rock solid stablecoins like USDC and BUSD depegged sometimes. Boy was I wrong and things escalated too fast. As of now, UST is trading at $0.0951 and LUNA is trading at $0.00000953. Really painful to see this, don't really want to imagine how many retail investors got wiped out. When this happened, there were conspiracy theories about UST getting attacked by dumping UST and then shorting it and Terra had to sell Bitcoins at a huge loss to repeg UST. The latter part i

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