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Terra Luna Value Down 23%, Do Kwon’s Twitter Goes Non-public

After setting his Twitter profile to private four days ago, Terra Luna’s Founder, Do Kwon,...
Terra Luna cryptocurrency symbol, logo. Business and financial concept. Hand with smartphone, screen with crypto icon closeup

After setting his Twitter profile to private four days ago, Terra Luna’s Founder, Do Kwon, once again opened up his Twitter account to the public, publishing a series of posts.

Do Kwon Opens Up

In a series of tweets published today, June 9th, Do Kwon elaborated on several issues regarding Terra 2.0. Starting with a promise to be more proactive in their communication with the press and “getting the right information out there.”

Do Kwon stated that there’s a lot of misinformation and falsehood in the media and promised to do his part to ensure the information published about Terra Luna is truthful and correct.

In addition, Do Kwon elaborated that the new Terra chain isn’t TFL-led since the company excluded itself from the airdrop. Various key members make the decisions regarding the future of the new chain of the Terra Luna community, not the company behind the original LUNA project.

Terra Luna Price Suffers

Do Kwon likely made the statements on Twitter today as LUNA’s price suffered significantly over the past week, declining by over 58% in the past seven days.

LUNA is currently trading at $2.98 with a market capitalization of $625. On the other hand, LUNC is trading at $0.00007516, up over 26% in the past 24 hours, with a market cap of $516 million.

See also  Terra 2.0 (LUNA) Value Hovers at $2.7, Do Kwon Refutes Rumors of Cashing Out $2.7 Billion of Cash

It seems that Terra Classic (LUNC) might surpass Terra 2.0 (LUNA) in the market cap before the end of the week, signaling a tremendous shift in the sentiment of both digital assets.

The good news is that the Terra Classic and Terra 2.0’s ecosystems continue to expand quite fast, with more projects joining daily. There’s still strong community support for both projects, and the long-term potential is tremendous.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.

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