Here’s why Terra’s snowball effect could send Avalanche (AVAX) price to $15The collateral damage of Terra’s collapse could continue to impact Avalanche price, especially considering that the Luna Foun
Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and its a near-dead UST algorithmic stablecoin project.
Avalanche price dips amid Terra's tax evasion FUD
AVAX's price plunged by nearly 14% between May 18, where it traded near $35 to May 19 when the price dipped to $28.50. The dip coincided with a South Korean news agency report that claims Terraforms Labs, the developer of the Terra blockchain, owes 100 billion won (approximately $78.5 million) to the regional tax agency.
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