The reviving edition of the Luna token was relaunched on May 28th, and TerraUSD (UST), a stable coin built on the Terra blockchain, would no longer be included in the Terra 2.0 ecosystem in the wake of the biggest black swan event that had hit the digital currency market.
In addition, the public node services, wallets, and explorers will follow the mainnet to go live soon. According to the market data, the price of the Luna token rose by 13.5% to $0.00021 after its relaunch.
The support of the new Terra ecosystem mainly came from Zhao Changpeng’s Binance, which offered $1 billion in investment and grants additional network, tokenomics, and marketing support together with business development.
Previously, it was the Chinese Communist Party (CCP)’s market manipulation that almost wiped off the total market capitalization of the Luna token, which Miles Guo predicted the CCP could repeat several times in the short term to agitate the digital currency market.
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