LUNA, the native token of the new Terra blockchain, has fallen consistently in the market since seeing an initial spike on its first day of trading, with industry observers keep questioning whether the attempt to revive Terra will work.
Following the initial spike, the price crashed to a low of USD 3.5, before stabilizing around USD 5.5 on most exchanges.
Now, 11 days after the launch, it looks like the journey so far has not been great for those who received the LUNA airdrop and chose to hold on to their tokens.
“The fact people fell twice for the same scheme is very concerning to say the least,” a third user wrote.
The comments came as Do Kwon has made his Twitter account private, meaning that only already existing followers can see his tweets.
Is there any hope for Luna 2.0...?
|