Compartir este artículo
Terra’s LUNA Drops to Almost $1 After 90% Weekly Plunge
Value locked on Anchor, Terra’s largest DeFi protocol, dropped some $11 billion in the past two days.
Por Shaurya Malwa
Terra's LUNA continued its third consecutive day of sliding as the token fell 96% in the past 24 hours to reach price levels previously seen in August 2021.
Anchor, the decentralized finance (DeFi) platform that provides yields on UST deposits, saw total value locked (TVL) fall by $11 billion in the past two days. The drop came after TVL peaked at $17 billion just a week ago.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
LUNA fell to almost $1.30 at the time of writing on Wednesday as the depegging of the UST stablecoin with U.S. dollars contributed to waning sentiment among traders for LUNA.
Selling pressure on LUNA came as its parent foundation issued 46 million tokens in the past day to maintain UST’s 1:1 peg with the U.S. dollar, data shows.
The price action represented one of the biggest drops for a major cryptocurrency. Data shows LUNA's price has dropped 90% in the past week and 7% in the past hour alone. The token is now down 92% since lifetime highs of $119 in April 2022, just more than a month ago.
Social sentiment on social media sites for LUNA remained poor among traders. Meanwhile, suicide helplines and posts are trending on Terra’s Reddit forum, at time of writing.
UPDATE (May 11, 12:30 UTC): Updates headline and story to reflect the latest price of LUNA.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
Lo que debes saber:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
