USTC stablecoin increased by 400% in 3 days.
Manipulation or opportunity?
The algorithmic stablecoin Terra USD (formerly UST, now USTC), which collapsed in the spring of 2022, has risen in price by 400% over the past three days amid news of the approval of the extradition of its founder Do Kwon from Montenegro. As of November 27, 10:30 Moscow time, the UST token is trading around $0.06, according to the Coinmarketcap service.
đ„ On the morning of November 27, the largest cryptocurrency exchange Binance announced the launch of perpetual futures for the USTC token. Trading will begin at 15:30 Moscow time.
In addition to the USTC stablecoin, significant growth was shown by the Terra token (formerly LUNA, now LUNC), which grew by 60% over the same period.
