After the LUNA 2.0 cryptocurrency had a major price adjustment hours after its introduction on May 28, the recovery plan that was put into place in the wake of the devaluation of Terraform Labs' stablecoin TerraUSD (UST) and its native token Terra (LUNA) got off to a shaky start. The new governance token quickly shot up to an all-time high of $18.87 (roughly Rs. 1,462) shortly after launch, only to crash to a low of $4.08 (roughly Rs. 316) by early Sunday. Prior to launch, members of the Terra community had rumored that the value of the new governance token would be somewhere between $30 and $50 (roughly Rs. 2,325 and 3,875) Shortly after Terraform Labs successfully delivered LUNA 2.0 tokens to investors that owned LUNA Classic (LUNC) and TerraUSD, the price began to plummet (UST). The key development company behind Terra, Terraform Labs, has suggested the creation of a new blockchain. Kwon was able to roll out another chain, which is the one that is available for usage as of toda...
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