It saw one of the biggest cryptocurrencies in the cryptocurrency go to zero after being exposed to its share in the days not far from the market cap.
This resounding fall coincided with a phenomenon for the first time in the crito market, where a stable currency pegged to the dollar, the Terra UST currency, which was equivalent to one dollar less than a week ago, collapsed.
Tera Luna is up over 4,470% in 24 hours, from a low of $0.0001675 on May 13 to a high of $0.0007658 on Sunday.
While Tera is now trading at an increase in the last hour, within the range of 10%, reaching levels of $0.0003042, with a market value of close to two billion dollars, and it ranks 206 among digital currencies.
“The volatility in the luna-dollar pair is absolutely insane,” famous crypto expert Michael van de Poppe said, adding that “a great weekend for profitable little bottom trading.”
“I really don’t think Terra Lune is a buy-and-hold currency at the moment,” said Altcoin Gordon, a cryptocurrency analyst and defamation expert.
Jordan added, "I have no idea what's going to happen with her...be careful if you're trying to trade him!"
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