The New LUNA 2.0 Token Isn’t Fairing So Well – Token Has Lost 56% In Value Since Last Week
Terra’s new LUNA2.0 token, which was worth $11.33 per unit on May 30th, has lost over 56% against the U.S. Dollar after climbing to that level seven days earlier. Many Terra-based decentralized financing (defi), projects are now moving to the Phoenix-1 blockchain amid the market performance. Fatman, a whistleblower, continues to accuse Terraform Labs and Do Kwon in manipulative tactics. He alleged that Do Kwon and Terraform Labs (TFL), are re-joining Terra’s defi ecosystem. Fatman claims that Kwon and TFL have shadow wallets containing 42 million new LUNA coins.
