Mint - Crypto Terra Luna rallies over 55% in 24 hours after crash last week
According to CoinGecko, UST is up 10% to $0.07 while sister Luna is up 56% to $0.00021 in the past 24 hours, after crashing last week.
The demise of UST and Luna sent shockwaves throughout cryptocurrencies, collapsing crypto prices and shaking the entire ecosystem.
Luna's market value fell from $20 billion to about $840 million, while UST has lost about $17.5 billion in value since falling off the peg.
Beware of algorithmic stablecoins, they could become algorithmic unstablecoins!!
