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The price of LUNA compares favorably to the price of terra classic, or LUNC. Following its crash in May 2022, it has not recovered. Today, LUNC trades for just $0.0002424, making it a penny crypto.
Terra is a blockchain that leverages fiat-pegged stablecoins to power a payment system. For consensus, the Terra blockchain uses a proof-of-stake codesign. [4] Several stablecoins are built atop the Terra protocol, [4] including TerraUSD, which was the third largest stablecoin by market capitalisation before its collapse in May 2022. [5]
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The loss of the peg resulted in Luna falling to almost zero, down from its high of $119.51. [96] The collapse wiped out $45 billion of total current value in a week. [97] On 25 May, a proposal was approved to reissue a new Luna cryptocurrency and to decouple from and abandon the devalued UST stablecoin.
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Three different exchange-traded product (ETP) issuers announced they will suspend trading and issuing shares in LUNA-related investment vehicles after the cryptocurrency lost almost all of its ...
Lunar Remastered Collection was announced at the Sony State of Play livestream event six months later in September 2024 for the PlayStation 4 and PlayStation 5 with a release window of early 2025. [6]