LUNA drops 20% in a day as whale dumps Terra's UST stablecoin — selloff risks ahead? - Cointelegraph

Excessive Terra supply coupled with UST supply contraction coincides with LUNA's price decline.

Terra (LUNA) has plunged significantly after witnessing a FUD attack on its native stablecoin TerraUSD (UST). The LUNA/USD pair dropped 20% between May 7 and May 8, hitting $61, its worst level in t… [+2668 chars]

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