Cryptocurrency Q&A What happened to Terra coin?

What happened to Terra coin?

GyeongjuGlory GyeongjuGlory Fri Nov 01 2024 | 7 answers 1689
I've been hearing a lot about Terra coin recently and I'm curious to know what exactly happened to it. There's been a lot of buzz and I want to understand the background and the current situation of Terra coin. What happened to Terra coin?

7 answers

charlotte_wright_coder charlotte_wright_coder Sat Nov 02 2024
Following the collapse, the Terra blockchain was temporarily halted.

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EthereumElite EthereumElite Sat Nov 02 2024
The Terra stablecoin was renowned for its stability and reliability.

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Chiara Chiara Sat Nov 02 2024
The market capitalization of Terra and LUNA plummeted drastically.

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Michele Michele Sat Nov 02 2024
It had an associated reserve asset cryptocurrency called LUNA.

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Stefano Stefano Sat Nov 02 2024
Within a week, almost $45 billion in market value was wiped out.

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