0xTerraNullius

[0xTerraNullius @AustTerra]

$UST $LUNA bags right now

[0xTerraNullius @AustTerra]

@digiassetnation @SmartStake @terra_money Back to peg. Over supply of $UST means there is outsized pressure on selling, so you reduce the circulating #UST to rebalance

[Bryce @BryceCarthy10]

Better to keep perspective on experimental tech and where the space has been. The depeg still doesn’t exceed the worst scenario for USDT which is the backbone of crypto $luna $ust

[0xTerraNullius @AustTerra]

@BryceCarthy10 Unprecedented de-pegging of $UST on $LUNA, first time in hist... ohhh!

[0xTerraNullius @AustTerra]

@phas0r @ttlg_crew @AlphaSeeker21 #CBSC for the win

[RR2Capital @RR2Capital]

So $UST crashed to an all time low of $0,67 and although stablecoins are supposed to be pegged to $1, this is not the first time its happened to a stablecoin. $USDT once traded at $0,57

[0xTerraNullius @AustTerra]

@PrrplFrog Shrooms for sure

[0xTerraNullius @AustTerra]

$ust $terra $btc $eth

[$DOG Sherpy- 🐶ⓣ @SolarSherpa]

Total coicedence, I"m sure.

$LUNA $UST

[0xTerraNullius @AustTerra]

$LUNA $UST crashes to prices not seen since... 22 September 2021. #LUNA is dead. Seen this a 1000 times with $ETH $BTC. Keep building, keep validating, keep staking

[0xTerraNullius @AustTerra]

@VBrasso @sassal0x @stablekwon @RyanSAdams @novogratz I disagree, feels exactly the same. Same has Mtgox, DAO and every other time $btc $eth had "died". Nothing new, people losing their shit. Just have to learn to cover

[0xTerraNullius @AustTerra]

@BarrySilbert @rsalame7926 @lawmaster Happened last May, we will see

[0xTerraNullius @AustTerra]

@sassal0x @stablekwon @RyanSAdams @novogratz Don't get too salty @sassal0x, this is no different to the DAO hack / fork drama. Bit sad to see you punching down.

[Jon Wu @jonwu_]

An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama.

Here's everything you need to know.

The $UST Depeg Thread:

👇

[Evan @evan_dogs]

1/7 I’ll let you in on a secret: ON CHAIN, 1 UST ALWAYS EQUALS 1USD. The market module makes no distinction between fiat per Luna rates and their corresponding Terra stablecoin per Luna rates. UST “depeg” only happens on external exchanges, when pools are unbalanced.

[0xTerraNullius @AustTerra]

This is a vibe, good times #eth #btc #luna

[sassal.eth/acc 🦇��� @sassal0x]

Now it's starting to feel like 2018 again

[The Crypto Voice @TheCryptoVoice]

$UST depegged for like 5 minutes by 1 cent and toxic $ETH maxis immediately start their #FUD attack as if they just waited for it.

You can get the impression that some rather stay poor and fight their own industry instead on being constructive and actually gain something from it

[0xTerraNullius @AustTerra]

@larry0x

[0xTerraNullius @AustTerra]

@SntntStudios and @yonvisuals for a next gen colab I want to see!! #MUTANTZ #LUNAtics

[Muze Collective @muze_collective]

The Mad Scientist hooked the @SntntStudios up with another Fashion Collaboration. This time with @pharickerr they will design all clothing for @SntntStudios!

Go check out their awesome work on their socials

#mutantzmerch #.ultra #real

[Anthony Pompliano 🌪 @APompliano]

Terra bought an additional $1.5 billion of bitcoin.

They are probably responsible for why bitcoin is holding up so well during the risk asset sell-off.