LUNA 20 crashes 85 since relaunch as investors unmoved by new start’

The attempt to recover from the collapse of Terraform Labs’ stablecoin TerraUSD (UST) and its native token Terra (LUNA) got off to a bumpy start as LUNA 2.0 experienced a price correction of 67%. Since its relaunch, LUNA 2.0 has continued to fall and is now down -84.74% from a high of $19.53 after Terra’s ecosystem was reactivated with the coin’s airdrop, according to CoinMarketCap data. Terraform Labs successfully distributed the LUNA 2.0 tokens to investors who held LUNA Classic and TerraUSD, The token were airdropped on May 28, with a maximum circulating supply capped at one billion.