South Korea’s leading crypto-asset trading platforms Coinone, Korbit and Bithump have issued warnings about LUNA trading.
While the UST crisis continues, leading Korea-based crypto-asset trading platform Coinone has suspended trading LUNA on the grounds of “sudden price drop”. Korbit and Bithumb, other leading crypto-asset trading platforms, have also issued “designated investment alerts” on the subject with similar concerns. After set investment alerts, platforms decide to either stop or continue trading.
As we reported earlier, after the Terra network’s algorithmic stablecoin UST lost its stability, the network’s native token LUNA started a major decline. LUNA’s decline in the last 24 hours reached a record level of 98% and regressed to $ 0.60. Similarly, the UST also continued to decline, hitting the $0.22 level.
As of broadcast time, UST 0.41 LUNA is trading at $2.17.