Do you really think it will recover, as no it's trading around the 0.02ish$ ? This is something crazy happening to LUNA... I think since 2018, it's my first time I see this kind of crash, that violent ! It was supposed to be a very good project...
A lot of people are saying it's dead...
I feel sorry for the people who lost a lot of money on this coin.
The last time I saw something like this was a coin associated with Ponzi Scheme, from thousand dollars worth it went down to a few cents but Terra is not a Ponzi scheme, I don't have Luna but this is a big concern for all of us, one of the reasons is
UST has recently ‘de-pegged’ to $0.45 from its value of $1. This marked a drop of about 55 percent. Since both UST and LUNA are interlinked, the massive drop in UST value has resulted in LUNA’s overall drop.
Yes, a lot of people are saying this coin is dead but the admin on Twitter is positive on the outcome, we'll see how Luna goes in the coming days but I doubt if it will recover even close to its ATH.