New Terra Fails to Provide Massive Gains to Holders Post-Launch

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Expectations are already falling short for the new Terra blockchain, which went live just about a week ago. Terra 2.0 launched on May 28 as part of the "Terra revival" plan in a community-approved proposal by Terra co-founder Do Kwon. The original Terra blockchain, after its collapse, was abandoned and rebranded as Terra Classic. The new Terra blockchain, which does not support stablecoins, already has seven projects launching on it.