The price of Terra’s LUNA has fallen by 58%, from $6.91 to $2.87.
After a Seoul court issued arrest warrants for Terra co-founder Do Kwon and five other people, Terra (LUNA), which had increased by more than 300% at the beginning of September, has since dropped in value. Since last Friday’s unexpected surge of $6.91, LUNA’s price has fallen more than 50% to its current level of $2.87 per coin.
Although LUNA has suffered a dramatic drop, it has maintained much of its recent rise. It’s still up by 45.86% over the last seven days. LUNA is currently trading as the 93rd largest cryptocurrency, with a market cap of $366 million.