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On May 7, 2022, the price of TerraUSD (UST), the algorithmic stablecoin of the Terra network, dropped to $0.91 after $2 billion of UST was unstaked and liquidated

On May 18, 2023, KuCoin, a crypto exchange announced its decision to increase the tax burn rate of Terra Classic (LUNC) Network from 0.2% to 0.5%