Why Terra ( Luna ) Crashed? - Just News

 

Hi, their

Today we are talking about Terra ( Luna ) Dumps.

Terra ( Luna ) Dump

UST ( Terra USD ) is a stable coin & it has 3rd gigantic market cap before dumping. A stable currency is like the US dollar & gold is a store of value. When UST falls more than 50%, Terra ( Luna ) starts falling.

Terra ( Luna ) has increased its supply & the total supply becomes 6,530.90 Billion.

This event creates free fall in Terra ( Luna ), UST & Terra ( Luna ) start dumping because both are inter-linked by defi ( Decentralized Finance).

Why did Terra ( Luna ) increase its supply?

Terra ( Luna ) officially did not increase its supply. Due to a drop in the UST & Terra chain, the erroneous flow starts minting new Luna coins.

Will Tera ( Luna ) recover?

It's hard to say Tera ( Luna ) recovered because now it has a tremendous supply