Luna is one of the best performing cryptocurrencies in 2021. The coin soared from just 65 US cents apiece to US$84.69 apiece by the end of the year.
As other large cryptocurrencies continue to experience up to a 10% decline over the past week, decentralised finance payment network Terra’s reserve currency Luna dropped 35% over the past 7-day period.
This is a 57% crash from the all-time high recorded just a month ago on Dec 27, when the coin reached US$99.92 apiece, according to data platform CoinGecko.
