Terra Drops 20% As UST Sees Major Dump, Collapsing Supply To 3-Month Low

Smart contract-enabled blockchain Terra (CRYPTO: LUNA) saw its price fall by about 20% after a purported FUD (fear, uncertainty, doubt) attack targeting its native stablecoin TerraUSD (CRYPTO: UST).

What Happened: Terra saw a 20% drop and hit a three-month low of about $61 after a whale — cryptospeak for big holder — dumped $285 million of UST on a decentralized finance (DeFi) protocol, according to a …

Full story available on Benzinga.com

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