Why Is Terra Luna and UST Price Dropping? What’s Really Going On?

With the recent crypto bloodbath, most cryptocurrencies are down roughly 20% this week. However, Terra Luna has been down over 78% in the past seven days, and its stablecoin TerraUSD (UST) is down over 19%, currently trading at $0.80. This article looks at what’s going on with Terra Luna and why UST cannot maintain its price of $1. Why Is LUNA and UST Price Dropping? It’s clear that there’s enormous selling pressure for Luna and its stablecoin. It seems there’s a coordinated attack on the cryptocurrency to destabilize its stablecoin and market. For those unfamiliar with Luna’s stablecoin system, each

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