Terra’s Luna, Luna Classic Tokens Plunge as South Korea Issues Arrest Warrant for Do Kwon

LUNA fell 36% in the past 24 hours while LUNC dropped 25%, with much of the token movement coming after news of the warrant was made public this morning. The warrant was issued four months after the collapse of the $40 billion Terra ecosystem and its algorithmic stablecoin (UST), which was the first domino to fall in this year’s crypto winter.