Terra (LUNA) price is in free fall on May 11th. Terraform Labs CEO, Do Kwon, today announced the anticipated recovery process to help TerraUSD (UST) return to the dollar rate. However, a mysterious Twitter analyst reported months ago that the altcoin price would collapse to $10. Kwon even offered the analyst a $200 million bet on it…
“You will have a second chance to buy LUNA for $10 in 2022”
494k followers popular Twitter analyst “KALEO” predicted that the LUNA price will see $10 again in 2022 with the following tweet on January 8th:
You will have a second chance to buy the LUNA at $10 in 2022, but it is likely You will not dare to take it.
2022 you’ll get a second chance at $10 LUNA, but you probably won’t have the balls to take it.
— K A L E O (@CryptoKaleo) January 8, 2022
Terraform Labs CEO Do Kwon is assertive about this tweet. gave an answer:
I will accept this bet. 20 million dollars? Let’s make $200 million. Let’s agree to the end of 2022.
I’ll take that bet – $20mil? Settle eoy 2022
— Do Kwon 🌕 (@stablekwon) January 9, 2022
Terra (LUNA) and TerraUSD (UST) prices, altcoin market While churning, it deepened the downward momentum evident on May 4 to almost 99%. In this article, we have discussed why the prices have dropped so much. Santiment analysts say in a recent report…
“Altcoin investor sentiment is at all-time lows”
According to a recent report by Santiment, investor sentiment is all over the world. at an all time low. A tweet published during the day reveals the following rates:
Terra’s price fell 88% in 5 weeks after retrieving the $119 ATH price on April 5. The LUNA foundation sold all its BTC for up to $15.50 after UST lost its fixed value. As a result, sentiment is at an all-time low.
📉 #Terra's price has now fallen -88% in 5 weeks after its $119 #AllTimeHigh was hit back on April 5th. Now down to $15.50, the $LUNA foundation has sold its entire holding of $BTC after $UST lost its peg. Sentiment is at an #AllTimeLow as a result. 😯https://t.co/ZaQKlVQ8rF pic.twitter.com/V6qYYxgNm6
— Santiment (@santimentfeed) May 11, 2022
Embattled cryptocurrency, ATH level reached April 5 It has experienced a staggering 96.49% drop from $119, which is $ 119. Due to the massive collapse, Terra is currently ranked 37th in market cap, down from the seventh position he normally holds. Terra’s UST is trading at $0.497 and is unable to return its peg to the $1 mark. Luna Foundation Guard has distributed all Bitcoin reserves to support the approved, algorithmic stablecoin by taking a look at the Luna Foundation Guard reserve board. As
Kriptokoin.com , leading cryptocurrency exchange Binance announced its LUNA and UST withdrawals on May 10, citing network congestion and slowness. had stopped.
