Terra UST is in free fall as a result of the post-attack snapshot taken at block 77990000. The token will not be part of the new LUNA blockchain but will continue on what will now be known as the Luna Classic.
Since May 25 the price has gone up over 80%, and investors seem to have bought up UST ahead of the snapshot. The price of stable coin fell over 35% to a value of just $0.05 as soon as the chain hit the required block. The price had fallen since it hit a peak of $0.11 at midnight UTC on May 26.
Multiple projects indicate their support for LUNA 2.0, making the future of the Luna ClassicBlockchain in doubt. There are trillions of LUNA token on the Luna ClassicBlockchain due to the massive inflation in LUNA caused by UST severing. Following an ongoing vote, a majority of the remaining community pool for UST will be burnt in the coming days. Without the core projects and with a stable coin down 95% from its designed peg, the future is bleak for UST holders at this time.
Information regarding the LUNA airdrop scheduled for May 27 can be found here.