I do not understand why Terra is almost dead and even stable Terra coins are also valued cheaper, I try to find any information about Terra but it seems that information is only speculation that is the fulfillment of Ust holders so that they sell Ust while Ust enthusiasts continue to decline and make prices corrected by more than 40%.
Because, Luna team printed copious amount of Luna and that resulted with the price dropping due to inflation. What they basically did was printing luna, and then using that luna to buy UST, keeping the price of UST higher, and then using the UST to buy bitcoins as well, making their leverage against the shorters better. This resulted with them having a ton of UST and BTC which allowed those two to be strong in their hands.
But, when we are talking about luna getting sacrificed for it, there is no reason why we should believe that it would recover. What they could do right now would be buying Luna with all the bitcoins they have, but then how would they defend UST if anyone attacks again?