Terra’s LUNA 2.0 crashes 88% after the airdrop

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by Boo_Randy

More fools getting separated from their money in the imaginary currency space.


Terra has successfully distributed the new LUNA tokens to market participants who held LUNA Classic (LUNAC) and TerraUSD (UST). Data from cryptocurrency exchange Bybt shows that LUNA opened at $0.5 and, within a few minutes, surged to a high of $30 before plummeting by more than 88% to $3.5.

LUNA 2.0 has partially recovered from the crash and trades at $6.2 at the time of writing.

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