Terra Projects Agglomerates To Migrate To Polygon Ecosystem
Projects that used to run on the defunct Terra blockchain are helping each other move to the Polygon layer-two network. More than 48 different crypto projects that were previously centered on the bankrupt Terra environment have found new life by switching to Polygon. In a July 9 tweet , Polygon Studios CEO Ryan Wyatt expressed […]
Terra Whales Dumps Position To Retail Holders Amid Crash – Jump Reports
A report has revealed that several major Terra investors withdrew their holdings while retail investors continued to accumulate amid the crash. Some of the blockchain’s largest holders liquidated their holdings just as the UST stablecoin began to depeg in early May. Jump Capital – a major Terra investor reported . On the other hand, smaller […]
Report shows seven wallets may have caused Terra crash
According to Nansen’s fresh on-chain study, Terra’s UST depeg may have been launched by seven distinct wallets that sold huge amounts of the coin into relatively illiquid Curve liquidity pools. On May 7, seven main wallets withdrew UST funds from the Anchor protocol on Terra, bridged these assets from Terra to Ethereum via Wormhole, and […]
Terra 2.0 Is Officially Approved As Testnet Goes Live
It is still not clear how the new Terra 2.0 will be traded following the crash of the old ecosystem that caused major exchanges to delist LUNA and UST. Terra’s much-anticipated revival plan has now been officially approved by 65.5 percent of holders. According to the proposal , the Terra 2.0 blockchain will now be […]
South Korean Terra Holders Increase After Its Crash – FIU Reports
The FIU report reveals that a large number of Terra holders was significant to the collapse of the ecosystem and which further led to thorough scrutiny of crypto exchanges. The Financial Intelligence Unit (FIU) of South Korea’s Financial Services Commission revealed on Tuesday that Terra LUNA and UST holders increased significantly after the crash, hoping […]