Quote from: dimonstration on Today at 07:54:59 AM

Quote from: enhu on Today at 07:46:43 AM

Now $0.30, how in the world did they get there being stablecoin? LOL

This is a result of an attack to there stablecoin. I read some article on twitter thats shows how much the attacker spend just to depegged UST to its current price. The rest is just a panic sell same with LUNA. I think LUNA will revisit again it's original price which is below 1$ since the dev team is still silent and I doubt that they can present a emergency plan that minimize loss of there asset, investors already loss trust and price need to visit the strong support in able to bounce back again. I still believe on this project but I will not gonna buy at this sell pressure though.

That's one strategy. The trust is broken, however. Even if they solve this de pegging, it tainted this Defi project. Luna will be the hardest to promote and pump up because of its price drowning the well. The chance could be high if its price goes back up to $30-50 or something. This is another blowback to crypto in general.