The Revival Plan of 'The Moutai of the Cryptocurrency Circle'

LUNA Coin Crash: LUNA Coin, known as 'The Moutai of the Cryptocurrency Circle', experienced a dramatic crash in a short period. From a high of nearly $120, it fell to $87.78 in just one month, and then plummeted to near zero within a week, causing significant losses for investors.

Revival Plan Proposed: To save LUNA and its stablecoin UST, LUNA's founder Do Kwon launched the 'Revival Plan for the Terra Ecosystem' Luna 2.0, with a total cap of 1 billion and decoupling from UST, among other measures.

Effect of the Revival Plan: Despite the proposal of the revival plan, the price of LUNA Coin has not significantly recovered, leading to heavy losses for investors. This serves as a reminder for investors to enhance their risk awareness when participating in cryptocurrency trading and not to invest blindly.