What happened to UST price in the last few hours?

Stability
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Why is UST up to $0.3? What happened ?

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Could be an error on Coinmarketcap.com? Did you see $0.3 as a trading price on CEX?
TerraUSD price today, UST to USD live, marketcap and chart | CoinMarketCap
TerraUSD price, UST chart, and market cap | CoinGecko

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This is last minute buying from people who want to qualify for the new Luna airdrop. Expect UST and Luna to drop like a rock just after tomorrow’s snapshot.