Terra (LUNA) has lost 45% in the last two hours after the South Korean authorities issued an arrest warrant for CEO Do Kwon.
Terra (LUNA) was one of the biggest factors in the decline in the cryptocurrency market in May. According to data, tens of thousands of people $40 billion victim South Korean authorities took action after the Terra crisis. Today at TSI morning Following the issuance of an arrest warrant for Terra CEO Do Kwon LUNA in 2 hours close to 45% suffered a loss in value.
Terra founder Do Kwon offered to issue a new cryptocurrency within the framework of the recovery plan after the collapse and started a community vote.
Thereupon, a new token called LUNA was released by the Terra platform. on May 29 The new token launched shortly after it started trading on many exchanges. $19.5 on the MEXC exchange, ByBit and Biture exchanges Up to $30 had performance.
LUNA, which went down after a short-term rise and accumulated between 1.5-2.5 dollars for a while, experienced a great rise in the past days, gaining nearly 400% in value. However, LUNA, which has fallen sharply today with the arrest of CEO Do Kwon, has been in the last two hours. over 45% suffered a loss in value.
The most valuable according to CoinGecko data 94. cryptocurrency unit, LUNA, in the last 24-hour period lost more than 36% and from $2.79 is being traded. Many investors are at LUNA’s pre-fall levels. Rise up to $120 was waiting.
