Value isn't made without people believing it has value. Without backing this up and by buying back the tokens, there's no trust and without trust there are no one buying this.
It doesn't help his case that Do Kwon was being arrogant and in the twitter in the past when people were pointing out this weakness that just played out.
Even though people argue against this, especially crypto lovers, the fact is that anything in the crypto world has value because we said so. An apple has nutrition that you eat, or a computer has value as long as you use it, bitcoin is not like that because we just give it a value, it has been truth and it's fine that is not a bash on crypto at all because there are many things like that in the world.
It means if terra revival plan works, which it won't if you ask me, the only reason would be people willing to help it revive, nothing more. If people are not willing (which they aren't) then it will not be reviving anytime soon, it’s going to stay dead.
Today Terra team has announced Revival Plan-2 because previous was not approved by community. Community suggest to activate burning mechanism and reduce abundant supply of coins to stabilize its price.there are lot discussions/confusion about future of Luna in the market and nobody can say with certainty what plan will be implemented . Lets watch and wait until something is finalized to compensate Luna holders