Luna 2.0 Launches, Price Crashes 74%
<p>LUNA classic and UST classic holders received an airdrop on Saturday. The new LUNA 2.0 token, with a total supply of 1 billion, started trading at $14.31 (first recorded value) per unit, hitting an all-time high of $19.54 quickly, but crashing more than 74% to $3.63 per unit Saturday morning.</p><p>Given the rush into the exit, it seems investors still have little faith in the token. This casts doubt on the recovery path. The token was trading at $10.2 at the time of writing this article.</p>