The selloff is also linked to the return of fears of rug pulls and crypto scams after the disaster of the algorithmic stablecoin UST and Luna coin, which both belong to the Terra ecosystem.

LUNA plummeted about 96% in just a 24-hour period after the network's stablecoin, TerraUSD (UST), de-pegged from the U.S. dollar and started a choppy descent May 9, creating a crypto bank run of ...

UST was was last seen at around 38.5 cents ... "The Terra ecosystem is one of the most vibrant in the crypto industry, with hundreds of passionate teams building category defining applications ...

Last year’s dramatic collapse of stablecoin TerraUSD (UST UST) and its sister token Terra LUNA3 (LUNA LUNA) left the crypto world wondering whether this latest implosion could spell an end for ...