RIP LUNA & UST ! Is USDD be same like that..

[blockman]

Everyone should be more careful now with their stable coin as a choice. What's safe is bitcoin, yes the price changes but its value remains the same.
As in the whole market, bitcoin is still the best option if you're going to keep your money on it for a long time. There won't be any potential rug pull or any manipulation that will happen. In market speaking, there will always be manipulation but if it's about standing in the test of time, bitcoin has been tested.

[1714485272]

1714485272

[1714485272]

1714485272

[1714485272]

1714485272

[1714485272]

1714485272

[Mosharafhh]

I saw ust going to the great position again is that possible to do things great by team again i saw everybodys broke heart and i also lost more in luna todays dip can it be again go up like before? I think team working behind ust more stable!!

[prosperoustop]

I dont think it is end for Luna and UST, I think it is unique and great chance to make money, but very carefuly!

[DeathAngel]

Looks like a massive constructed & planned out ponzi scheme. I feel sorry for anybody who invested significant money into this scam. This is the crypto food chain though, some people need to get burnt to realise bitcoin is the most trusted, reliable coin.

[Mame89]

maybe i guess luna can't bring back a life that has lasted so long. The founder of the coin must have felt that his name was tarnished by investors, well, even if there was an error, this could certainly be a lesson for the founders. What comes to mind are the true big Luna investors who are likely to risk big losses in the last few days

[zonefloor]

This drop of Luna definitely indicates that there is a big problem with stability somewhere. After such a steep rise, such a steep fall has seriously damaged Luna's reputation. In my personal opinion, I don't know what will happen over time, but after this time, I honestly do not trust Luna at all and will definitely not put it in my basket. But it is also a seriously loved cryptocurrency by certain groups and countries. It is a crypto currency that should be avoided after this time.

[pandanaran]

Currently the team is trying to recover from the situation, especially with the fall in the price of BTC which is currently experiencing a very sharp decline so there is a lot of panic in the market and if we are observant and can take advantage of this moment we can get high profits, as we see Currently UST has recovered its price to 0.7$, although yesterday it had dropped to 0.3$, proving that Terra Luna is still very ready to face this situation.

[glendall]

Luna's movement shocks some people who are all in, but gives advantages for those who play short
Luna's reputation is on the verge of collapse I don't know what will happen next
i can only lament the fate of luna pray that i don't go crazy because of luna
RIP LUNA

[mrongoz_imut]

I worry what happened woth Luna and UST coin have impact later with USDT as stable coin. Looks crazy with IST as Terra stable coin drop from $1 become $0.3 although right now have rewch good price above $0.7. Investor worry with saving USDT as digital cryptocurrency asset after seeing how drop price from UST, but most crazy thing when getting Luna coin drop to $1 from $100.

[jrrsparkles]

Stable coin but the value dropped half of its actual value then there is a fundamental error in the project or we should not call it as a stable coin, I got a notification from coindesk or something about LUNA drop and it looks like the coin will die soon because people will be selling it more and more to save from further loss which will lead to chain reaction of selling.

The actual stable coin should be pegged with something either fiat or by smart contracts so the value of token supposed to not to fall at any circumstances.

[asyakashi]

So far USDD is doing well, but I'm sure what happened with UST and LUNA makes everyone think with similar coins. USDD is also a stable DeFi coin, of course there are indications something similar could happen again, but as long as that hasn't happened I hope everyone can put it to good use. What UST experienced may also be carelessness on their part, because so far I haven't heard of this happening because of hackers, but it makes more sense if there was something wrong with the team they did.

[Farma]

i'm not sure and don't want to speculate that USDD will collapse, but LUNA and UST right now are really hitting us all. In fact, in less than a week, the price of LUNA fell from $85 to $0.18. this is really a bad drop considering how many assets their team holds. even the stable coins they made are not stable anymore. after that the addition of a LUNA delist from binance made the price push fall even more. however, it's been a very bad decline this year. I hope this is the worst, and prices start to recover.

[el kaka22]

I do not think that it is RIP just yet. I know that it looks like it is not doing well, and I have been part of plenty of algorithm based stablecoins before last year, like SBDO/BDO for example and they dropped and never recovered neither.

So, I have to say that this may not end up recovering as well and I wouldn't be shocked about it, I mean it will probably be fine but I am guessing that it will not be that much of a big deal in the end even if this falls. However, the chances are, there is a small chance it will end up winning as well and I am guessing that it may end up profiting and going back to 1 dollar again helping Luna to get back to 7-8 dollars at least as well.

[Sayeds56]

I do not think that it is RIP just yet. I know that it looks like it is not doing well, and I have been part of plenty of algorithm based stablecoins before last year, like SBDO/BDO for example and they dropped and never recovered neither.

So, I have to say that this may not end up recovering as well and I wouldn't be shocked about it, I mean it will probably be fine but I am guessing that it will not be that much of a big deal in the end even if this falls. However, the chances are, there is a small chance it will end up winning as well and I am guessing that it may end up profiting and going back to 1 dollar again helping Luna to get back to 7-8 dollars at least as well.

The Technical team of Luna already tried  to fix the issue by merging new code last night but it didn't work out so this morning they have halted their network. I think the founder of Luna its team is committed but when we look at current supply of Luna which is in circulation stands now more than 6 Trillion due to non-stop minting of Luna coin. I don't know how they will manage to reduce this huge supply while maintaining its peg with UST. Let's hope that some miracle happens and price of Luna starts recovering.

[adiebitsler]

Luna's movement shocks some people who are all in, but gives advantages for those who play short
Luna's reputation is on the verge of collapse I don't know what will happen next
i can only lament the fate of luna pray that i don't go crazy because of luna
RIP LUNA

Yesterday it was very clear that LUNA will be destroyed and will be delisted by several exchanges if the price continues to fall, and for today I am trying to find it on the Tokocrypto exchange. It turned out that it was true that LUNA was no longer there and the buyers through the exchange were very dear to this day.

[meanwords]

I do not think that it is RIP just yet. I know that it looks like it is not doing well, and I have been part of plenty of algorithm based stablecoins before last year, like SBDO/BDO for example and they dropped and never recovered neither.

So, I have to say that this may not end up recovering as well and I wouldn't be shocked about it, I mean it will probably be fine but I am guessing that it will not be that much of a big deal in the end even if this falls. However, the chances are, there is a small chance it will end up winning as well and I am guessing that it may end up profiting and going back to 1 dollar again helping Luna to get back to 7-8 dollars at least as well.

LUNA need to beat Bitcoin marketcap to even reach the level of cents lol. There's no way unstablekwon will be able to do that. This project is officially dead.

[Ararbermas]

Some news I heard that there are some large investment funds standing by, calling to save Terra in the market. But honestly, I'm still amazed at how quickly it evaporated. Now its reputation in this space has fallen out of favor and is almost a scam for those who have been and are participating, suffering large losses.

its a big disappointment after all tbh, and i hope they didn't sold their bitcoin and use it to save luna and it's now for their reputation as well. Because you know obviously a lot of investors are suffering because of them so they need to do something to fix the situation, hence, if its true that they have funds that standing by, then they need to execute it immediately to save the community and their reputation, i mean no need to wait for more results.

[dtpman83]

Some link if someone interested.

For UST and LUNA holders the best chance might be legal. The chances for UST holders are probably much higher than for LUNA because UST was a stablecoin.
Joining legal action in case of Fatman is free for the victims.  




Legal:
Discord link to Fatman regading legal actions against LFG, TFL and Do Kwon and exchanges
https://discord.gg/k3DPgn9ds6

Some legal background information:
https://classic-agora.terra.money/t/next-steps-for-luna-ust-holders-a-detailed-analysis/22084

Fatmans twitter account:
https://twitter.com/FatManTerra


Besides the possibility to get money back from legal, there is still a small change to get a tiny portion back from LFG. They are however very quiet and the LFG reserve is very small (less than 60million i think, probably less now).

Status of UST refund from TFL/LFG:

The refund from LFG for UST holders seems to be less likely. They are probably only stalling to avoid lawsuits. LFG posted on 15.05.2022 the last time.
Do Kwon posted on 21.05.2022 the last time about the refund (collecting exchange data, refund would be in USDT and USDC)

There are newer post from Fleece Cannon, some TFL person from 12.05.2022
https://twitter.com/fleece_cannon/status/1535732353942687745


Added on 21.06.2022
Seperate singaporean lawsuit:


There is a seperate singaporean lawsuit. The first step would be an injunction against TFL, Do Kwon, ...
For the injunction the laywer fees are between 15000 to 25000 SGD (singaporean dollars) shared on a pro ratio basis on on all claimants.  Currently 1,7 million USD have signed already. With more people joining, the fee each individual gets lower.

Example: If your UST claim is 50000 USD the laywer fee would be only 2,9 percent from the fees. 2,9 percent of 25000 SGD is 735 SGD or 530 USD.

The main focus are singaporean, however other people can join as well (I am from Thailand)

You can contact the laywers directly:

You could contact directly the lawyer here https://www.drewnapier.com/Our-Lawyers/Mahesh-Rai Indicate legal name, UST amounts, date of purchase

 Who is eligible? (UST holders, UST holders pre-depeg, but sold at a loss etc) 
Anybody who bought and hold UST before May 13, no matter if they sold or not after that date 

Here is the discord link for organizing the users:
https://discord.gg/Ef9YYphAPD

[Yaunfitda]

Some news I heard that there are some large investment funds standing by, calling to save Terra in the market. But honestly, I'm still amazed at how quickly it evaporated. Now its reputation in this space has fallen out of favor and is almost a scam for those who have been and are participating, suffering large losses.

its a big disappointment after all tbh, and i hope they didn't sold their bitcoin and use it to save luna and it's now for their reputation as well. Because you know obviously a lot of investors are suffering because of them so they need to do something to fix the situation, hence, if its true that they have funds that standing by, then they need to execute it immediately to save the community and their reputation, i mean no need to wait for more results.

No one can save Terra or the company itself. They hav dig a hole so deep that not even huge backers from crypto and non-crypto entities can get them out.

As for the predicament of USDD, I do hope that they won't collapse, the people behind should understand that they need to prevent it at all cost. They should learn from the UST debacle, they should have more reserves or at least find a liquid asset that can be hedge as a reserves for them.

[Lagduf]

USDD was starting to depeg and justin sun was trying to add more and more collateral to prevent it. The algorithmic stable token was actually failed in this case. USDD may have the same future like UST but the thing that is better than UST was if USDD was also using stable token to backed its token and it's not fully pegged with the tron token. From there im sure that if this token is a bit sustainable compared with the UST in term of value to peg with the dollar.