Do Kwon’s Crypto Empire Fell in a $40 Billion Crash. He’s Got a New Coin for You. – WSJ

So far it hasn’t gone well: The new Luna began trading at $18.87 on May 28, tumbled right away and was recently trading at $1.97, according to data provider CoinGecko.

“I don’t understand why anybody in their right mind would want to invest in Luna 2 after watching Luna 1 blow up so dramatically,” said Mati Greenspan, founder of crypto research firm Quantum Economics.

Source: Do Kwon’s Crypto Empire Fell in a $40 Billion Crash. He’s Got a New Coin for You. – WSJ