Terra’s collapsed stablecoin USTC prices experience a sudden spike of almost 400% over the last 24 hours. And this resulted in the token entering the top 100 cryptocurrencies.
Amid the volatility in the crypto firm related to Terra’s newly released token LUNA 2.0, TerraClassicUSD has striven to spike more than 400% over the past 7 days. It is trading at an average price of around $0.042, at the press time. USTC’s 24-hour trading volume has increased by 413% to stand at $83 million.
USTC’s total market Cap added almost $200 million in the last 24 hours as gotten from the data from the Coin MarketCap. Presently, it calms around $402 million. The meant-to-be stablecoin has now grabbed the 84th spot among the largest crypto.
However, the Terra Classic prices have also spiked in the period of a few hours. LUNC is now up by 50% in the last 24 hours. Token’s 24-hour trading volume skyrocketed by 600% to stand at $354.12 million.
A massive inflow of funds over the past 24 hours has been revealed by the aforementioned data. Terra Classic’s market cap has spiked by $208 million in the past 24 hours. It now stands at $625 million. However, the token is trading at an average price of $0.0000976, at the Writer’s time.
Do Kwon To Be Sued By The Anonymous
Do Kwon to be sued Over the Terra collapse, which negatively affected the whole algorithmic stablecoin TerraUSD (UST) and Terra (LUNA). This was revealed in the video posted by the Anonymous hacker group which revealed all the shortcomings of the Terraform Labs CEO.
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According to the Hacker’s group, Kwon’s acts since his inception in the crypto companies will be seriously checked to expose his alleged crimes
“Do Kwon, if you are listening, sadly, there is nothing that can be done to reverse the damage that you have done. At this point, the only thing that we can do is hold you accountable and make sure that you are brought to justice as soon as possible.
“Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light. There is no doubt that there are many more crimes to be discovered in your trail of destruction.”