Terra blockchain token LUNA falls below $15

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The price of LUNA, the governance token of the Terra blockchain ecosystem, fell sharply on Tuesday.

, the most voluminous spot exchange for the token. LUNA has since recovered as of the time of writing and is trading hands at $14.40. Data from CoinGecko shows that LUNA was trading above $40 on Monday.

UST's gyrations have sent the algorithmic stablecoin, which relies on market incentives to maintain parity with the US dollar, as low as $0.60 on Monday before it posted a temporary recovery in that wake of that move down.

 

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Call below $8 now

It has now fallen below $9 Press machine can't even keep up.

It’s going to zero innit

Make update already its below 10$

Below $10, time to update, keep up

Uh it’s below $8

$10

Luna... dead!

LUNA ponzi scam just avoid $LUNA & $UST

Unfollowed. You guys are just weird

♥️

Buying in the single digits

So $Luna was a big Ponzi

😬

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