Terra's LUNA Dumps 17% After Wonderland Controversy

Terra's LUNA Dumps 17% After Wonderland Controversy
LUNA, the native token of the Terra ecosystem, is suffering the effects of negative sentiment after Thursday’s Wonderland drama.The token, which backs Terra’s algorithmic UST stablecoin, was down over 17% on Friday morning, according to data from CoinMarketCap. It traded as low as $47.56, the lowest price since November. Recently, LUNA was changing hands at $51.89, down from its all-time high of $100.17 in December.The price drop comes a day after pseudonymous Twitter user “Zach” exposed a core member of the Wonderland project to be Michael Patryn, the co-founder of the infamous Canadian exchange QuadrigaCX.The effects of that revelation made…