UPDATE, I just converted my $100 USDT to $250 UST, and it's my first time buying a "stable coin" because of the fluctuation.
UPDATE, After about 30 hours, I can say that what happen with LUNA is profitable, someone made a lot of money. As for what happened to me:
I deposited $100 USDT to $250 UST and after a few deal I made:
- $150 USDT
- 0.00341824 Bitcoin (BTC)
- 70 USDT eq= 30.64600 US$ (will sold it within 3 hours)
If this was from $100, then there must have been manipulation.
In general, it is difficult for the price to return to $1 at the present time, so unless something unique happens, I think that the price of both TERRA and UST will go to zero.