20200807 Crypto Trading Daily 800x450 yuQF1A

Amid Terra crypto turmoil, ordinary investors start to pick up the pieces

Among people watching the red line point vertically down on the price of LUNA, the native asset of the Terra blockchain network, were those whose life savings were invested. 
LUNA and its related stablecoin, TerraUSD (UST), have been set into free-fall over the last 48 hours. 
UST is supposed to be pegged to the US dollar. A combination of burn mechanics involving related token Luna and market incentives are intended to keep UST at its peg. That mechanism has broken down, and this week has seen investors and holders rushing for the exit. 
Even though the Luna Foundation Guard (LFG), a non-profit set up to support the Terra ecosystem, deployed $1.5 billion in assets on Monday to help the stablecoin return to its peg, it has not been enough. The Block reported on Tuesday that LFG is seeking more than $1 billion to support the project. 
The market cap of LUNA has shrunk from $28.9 billion a week ago to $2.1 billion, according to data from CoinGecko.
Now, as the future of Terra La

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