What’s going on with my herbaceous peony?

I moved this a couple of months back after the flower (singular) had faded. It looked absolutely fine until the last couple of weeks where it seems to have gone rapidly downhill. He has been given plenty of water. Is this natural dieback of the foliage? Or is it dead/dying?






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Even when the foliage dies back, you should still be able to see the "crown" just on the surface.
Have a rummage and check.