Avalanche Falls 40% As AVAX Finds Itself In The Midst Of UST’s Unpegging

The token of smart contract platform Avalanche (CRYPTO: AVAX) is now paying the price of enjoying being one of the assets locked as collateral to maintain the peg on Terra‘s (CRYPTO: LUNA) native algorithmic stablecoin TerraUSD (CRYPTO: UST). Just today, the token’s price fell from its 24-hours high of $47.20 down to under $28 — a fall of nearly 41% …

Full story available on Benzinga.com

By

Leave a Reply

Your email address will not be published. Required fields are marked *