The cryptocurrency market is surprised by the debut of the new LUNA token, from Terra 2.0. Following the collapse of Terra USD that put stablecoins in check and caused the market to crash, its creator Do Know launched the new Terra blockchain on the Phoenix – 1 mainnet. The launch of Terra 2.0 was aimed at rescuing the Terra ecosystem following the vertiginous collapse experienced throughout the month of May. Since its debut on Saturday, the new token LUNA was listed at its launch up to $30 but despite expectations, the controversial token plummeted more than 80%.
