According to multiple sources, major investors and token holders of LUNA have started to sell their tokens. Some critics believe that there are serious flaws in the Terra ecosystem.

According to data platform statistics, the price of the LUNA Token has fallen by about 50% over the past week, currently trading at around 63 dollars. Meanwhile, the algorithmic stablecoin UST of the Terra ecosystem has also experienced a slight decoupling phenomenon, currently trading at 0.987 dollars.

Many people are concerned that the dumping of LUNA may lead to the collapse of UST. Terra co-founder Do Kwon stated that they are taking measures to stabilize the situation and urged investors to remain calm.

Some analysts point out that there may be fundamental issues with the design of the Terra ecosystem, especially during periods of severe market volatility. They believe that the balance mechanism between LUNA and UST may not be able to maintain stability in extreme situations.

Nevertheless, supporters of the Terra ecosystem remain optimistic about its prospects. They believe that the current volatility is merely a short-term phenomenon, and that Terra still has immense potential in the long run.

Currently, the cryptocurrency market is generally in a downward trend, and many mainstream Tokens have also experienced varying degrees of decline. Analysts believe this may be related to the global macroeconomic environment and regulatory uncertainty.

Investors should closely monitor market trends, carefully assess risks, and make informed investment decisions.