The stablecoin known as LUNA has lost about 90 percent of its value after this past week loss.
According to latest news, the token price traded $87.96 before its fall. Now, it trades at $8.81; this decline came about in just a week.
LUNA is one of the cryptocurrencies meant to be stable at $1 or higher.
The latest developments has rendered the crypto almost useless.
It appears that many coins faced a huge loss due to the fall of bitcoin.