The new Luna token is already down more than 80% from its all-time high, which it reached just after the launch of Terra 2 two weeks ago.
New lows for Luna
The price of the new Luna coin has hit a new low of $3.28. The coin has fallen more than 20 percent in the past 24 hours. After the failed launch of the new Luna coin, Terraform Labs founder Do Kwon again went silent on Twitter. He also set his profile to private.
Luna 2.0, which debuted two weeks ago, dropped 80% on its first day to a price of around $4. This was the result of significant sales pressure.
However, the coin quickly recovered to close to $12 on the eve of its listing on Binance. However, the revival was short-lived. The Luna token again plummeted by 81%, bringing it to its all-time low today.