Luna eroded 100% to $0 in just 7 days
Sat, May 14, 2022 4:46 PM

Luna eroded 100% to $0 in just 7 days

Get it on Google Play
Luna eroded 100% on May 13 to settle at $0. The sister token of stablecoin TerraUSD was trading at an all-time high of $116 on April 5. According to Coinmarketcap, the Mcap of the token slumped from around $40 billion to around $6 million during the last seven days. Luna’s downfall started when its sister token UST was 'depegged' from its $1 value as big investors started dumping it.

More great flips

Apollo Hospitals' net profit plunges by 46% to Rs 90 crore in Q4FY22

Apollo Hospitals' net profit plunges by 46% to Rs 90 crore in Q4FY22

Apollo Hospitals Enterprises' consolidated profit after tax plunged by 46% YoY to Rs 90 crore during Q4FY22 in comparison to a PAT of Rs 168 crore in the January-March quarter of 2020-21 fiscal. The health care provider's revenue from operations, however, improved to Rs 3,546 crore during the fourth quarter ended on March 31, 2022, as compared with Rs 2,868 crore in Q4FY21.

Open Flip
What does analysts say on Paradeep Phosphates IPO share listing?

What does analysts say on Paradeep Phosphates IPO share listing?

Grey market is signalling 'par listing' of Paradeep Phosphates shares. The listing date of the IPO could be May 27 while the exact premium will become public after share listing at around 10 AM on Friday. Looking at the attractive pricing of the public issue, experts say IPO received dull response from investors. Its shares are available at a premium of ₹0.50 per share, say, market observers.

Open Flip
Nesco's consolidated PAT grew by 8.55% QoQ to Rs. 53.52 crores in Q4

Nesco's consolidated PAT grew by 8.55% QoQ to Rs. 53.52 crores in Q4

Nesco Limited's total income improved marginally by 0.06% QoQ to Rs. 103.0561 crores during Q4FY22 as compared to Rs. 102.9980 crores during the period ended December 31, 2021. The company's net profit, however, grew by 8.55% QoQ to Rs. 53.5210 crores during Q4FY22 in comparison to a net profit of Rs. 49.3040 crores for the period ended December 31, 2021.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon