...UST isn't backed by anything hence the price right now. Since they sold their Bitcoin (Their only asset that supports UST & LUNA), it's only a matter of time before it goes to $0.
Kinda feel bad for investors who thought their assets are safe in UST since they branded it as "Stablecoin", which you can see it's not.
Yes, the problem inherent in the algorithmic stablecoin has now become obvious to everyone. But I still remain confident that the UST problem will be solved in the near future and the value of the stablecoin will return to the dollar, as the Luna Foundation Guard has plans to restore the value of the Terra USD.