The price of Terra’s LUNA token continues to fall in value. The Terra price has fallen 94 percent in the past 24 hours to a low of $2.10.
LUNA continues to fall in value
The LUNA price was again hit hard today. The Terra Network coin fell 94% in 24 hours. The Terra price was still around $65 on May 8. However, it started to collapse when Terra’s stablecoin, UST, lost its peg to the dollar. The UST stablecoin dropped below USD 0.70 yesterday and struggled to get back to parity with the dollar. After a partial recovery as high as USD 0.93, it fell below USD 0.40 today.