New Luna Drops To All-Time Low

The new Luna token has dropped more than 80% after hitting a record since its launch. According to Coinecko data, the price of the new Luna token has reached an all-time low of $3.3.

The controversial token has dropped more than 20% in the last 24 hours.

Following the failed launch of the new token, Terraform Labs founder Do Kwon once again remained silent on Twitter, hiding his profile on Twitter. Launched in late May, the Luna 2.0 dropped 80% to as low as $4 due to significant selling pressure. However, the coin managed to quickly recover to around $12 at the top of the Binance list. The token was listed on the exchange’s Innovation Zone due to its higher level of risk.

After wiping out these gains, the LUNA token has dropped more than 81% from its all-time high.

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