Terra’s LUNA 2.0 crashes 88% after the airdrop

by Boo_Randy

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


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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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