There are “strange” happenings in the cryptocurrency community, which has been shaky for a while. So much so that it is basically a stable currency indexed to the dollar. TerraUSD (UST) has inflicted huge losses on its investors. According to the information obtained, the team had to sell $3 billion worth of Bitcoin and the events that followed, swept the markets† The Terra network’s LUNA altcoin, which supports UST, has lost about 97 percent of its value.

Those dealing with cryptocurrencies know; stable coins are generally dollar-indexed and their values ​​are also $1.01 to $0.99 varies in the range. These cryptocurrencies are essentially unofficial crypto versions of the dollar. Here at TerraUSD was one of them. While there is no clear information for the time being, the allegations are that someone or someone has paid for TerraUSD. he has had surgery† That is the operation where the stable currency loses more than 50 percent of its value. up to $0.44 levels led to his downfall. This situation most troubled the investor who held UST as a stable currency… As Terra’s efforts were unsuccessful, the magnitude of the loss reached incredible proportions.

It is said to be in a $3 billion deficit.

*You will see the UST price chart.

According to unproven claims, events in the UST worth $3 billion It is said that this is because Bitcoin is bought with debt and then this Bitcoin starts to be sold. It is not known who or who is behind the incident.

LUNA, whose value was $120, fell to $1.1

*You see the LUNA price chart.

LUNA, the Terra Network cryptocurrency, has been hit hard by the events. in april From $120 Levels LUNA, which is trading, is currently trading at $1.14 levels. Especially the panic atmosphere in the cryptocurrency community bitcoin It has spread to all cryptocurrencies including…

LUNA investors rioted on social media

Even in the last 24 hours of LUNA 97 percent The depreciation of about 900 meters caused the reaction of the investors. Users who shared countless posts on social media almost rebelled against what was happening. Here are some stocks from investors on the subject…

How to restore the experienced events so that the value of a stable currency can reach the level of 1 dollar again. about what can be done still on the table. The LUNA Foundation, which supports TerraUSD, is also looking for solutions. What will the investor do then? To be fair, the investor with the UST there’s nothing he can do† Because the cryptocurrency, which should normally be around $1, is facing an unprecedented situation. If the current situation cannot be corrected, those who buy dollars from the bank or prefer UST over more established stablecoins like Tether (USDT). the investor’s job resembling.

Statements by the US Treasury Secretary after the collapse of LUNA and IHR

A series of events that have an earthquake effect on the cryptocurrency markets United States Secretary of the Treasury Janet YellenIt did not go unnoticed. †The stablecoin known as TerraUSD ran into a problem and lost value. I think this (stable coins) is a fast growing product and the risks it carries are also increasing fast.Minister Yellen said:Digital Assets for the Financial System can create risks† There must be coordinated regulation.” said…

This content is not investment advice…