According to a tweet from Terraform Labs, the company behind the Terra ecosystem, which includes the LUNA governance token and several algorithmic stablecoins, the price of LUNA fell too low to “prevent governance attacks,” citing LUNA inflation as one factor. LUNA fell in price from nearly $120 in early April to between 1 and 2 cents on Thursday.
LUNA Issuer Terra Halts Blockchain After Week of Losses
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