- Terra blockchain has officially halted at block 7607789 for the second time today.
- Terra Validators have halted the network to come up with a plan to reconstitute it.
- Will the momentum of LUNA swing upwards when the network comes back online?
Terra (LUNA) troubles continue as the Terra blockchain has officially halted at block 7607789 for the second time today.
According to a post made on the project’s official Twitter page, “Terra Validators have halted the network to come up with a plan to reconstitute it.”
As a result of the Terra network being halted, several cryptocurrency exchanges have delisted or temporarily suspended LUNA trading and withdrawals. Two notable exchanges that have stopped activity around LUNA either temporarily or indefinitely include Crypto.com and Binance – the largest cryptocurrency exchange by trading volume.
According to the crypto market tracker, CoinMarketCap, the price of LUNA has plummeted to near $0 and currently stands at $0.00004682. This is a 99.99% drop. The question is, has LUNA hit its bottom, and, if yes, will it be able to rise again?