If at first you don't succeed, try, try again. That's the approach that the developers of Terra (CRYPTO: LUNA) decided to take after the spectacular collapse of the token.
That collapse resulted from LUNA's sibling stablecoin TerraUSD (CRYPTO: UST) losing its peg to the U.S. dollar. The intense sell-off caused the underlying algorithm behind TerraUSD to go haywire, with LUNA losing nearly all of its value .
But the carnage isn't over for the Terra ecosystem. Here's why the new Terra LUNA token is crashing.
For further details see:Why the New Terra (Luna) Is Crashing