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12-05-2022, 07:44 PM
THE PRICE of the Terra (LUNA) cryptocurrency has fallen by more than 99 per cent.
Scottish Sun
Terra's crash, which ranked among the top 10 most valuable cryptocurrencies, has now seen the fortunes of crypto investors wiped out.
The dramatic crash meant its market cap dropped from above $40bn (£32bn) to just $500m (£409m) - resulting in unprecedented losses for those who cashed in on it.
The majority of the losses were realised overnight - with a 98 per cent price fall in the space of just 24 hours.
Do Kwon, the founder of Terraform Labs, announced on Twitter on Wednesday amid the crash that he has a recovery strategy for the Terra tokens that he will release soon.
Many speculations are also being made that Terraform Labs is in touch with several investors to bring the cryptocurrency back on track.
More details in https://www.thescottishsun.co.uk/money/8...ncy-value/
![[Image: luna.png]](https://www.valuebuddies.com/images/books/luna.png)
Scottish Sun
Terra's crash, which ranked among the top 10 most valuable cryptocurrencies, has now seen the fortunes of crypto investors wiped out.
The dramatic crash meant its market cap dropped from above $40bn (£32bn) to just $500m (£409m) - resulting in unprecedented losses for those who cashed in on it.
The majority of the losses were realised overnight - with a 98 per cent price fall in the space of just 24 hours.
Do Kwon, the founder of Terraform Labs, announced on Twitter on Wednesday amid the crash that he has a recovery strategy for the Terra tokens that he will release soon.
Many speculations are also being made that Terraform Labs is in touch with several investors to bring the cryptocurrency back on track.
More details in https://www.thescottishsun.co.uk/money/8...ncy-value/
Specuvestor: Asset - Business - Structure.