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Bangkok Post
Bangkok Post
Business

Luna 2.0 coin crashes after rocky launch

LUNA Do Kwon Bitkub Terraform Labs UST Cryptocurrency Crypto TerraUSD

The relaunch of the highly controversial Luna cryptocurrency faces a rocky start after losing 75% of its value.

On May 28, Luna 2.0 tokens entered the market at 15 baht per coin and surged to over 850 baht. The unit then nosedived to 119 baht, a 75% decline on the price recorded on its relaunch day. As of May 30, the coin is stagnant at around 200 baht, according to crypto exchange Bybit.

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