On Saturday, Could 28, 2022, LUNA traditional and UST traditional holders acquired an airdrop consisting of latest LUNA 2.0 tokens based mostly on two blockchain snapshots. The crypto asset’s first recorded worth at 5 a.m. (ET), was $14.31 per unit and it hit an all-time excessive (ATH) roughly 20 minutes later at $18.87 per LUNA. LUNA has dropped greater than 70% because it traded for $4.20 per unit at 11:00 a.m. on Saturday.
LUNA 2.0 Launches
The brand new LUNA token is now buying and selling because the crypto asset was airdropped to LUNA traditional (LUNC) and UST traditional (USTC) holders. Presently, there’s a most provide of 1,000,000,000 LUNA cash however the present quantity of tokens in circulation is unknown.
LUNA is at present seeing essentially the most exercise on the buying and selling platform Okx and 24-hour metrics point out LUNA has seen a value vary between $18.87 and $4.20 per unit. Different exchanges seeing LUNA buying and selling exercise embody Gate.io, and MEXC International.
“Luna2” and “Luna 2.0” have been trending on social media throughout the previous 24 hours as holders have been receiving their airdrops. Numerous folks have been asking the place they’ll commerce the brand new LUNA token.
Terra’s co-founder Do Kwon tweeted concerning the launch on Saturday and mentioned: “Phoenix-1 mainnet is now dwell and producing blocks – public node companies, wallets and explorers must be going dwell shortly.” Kwon additionally mentioned: “To view your LUNA (or LUNA2 as some exchanges name them) token balances, you solely have to log into [Terra Station] and refresh the web page.”
Numerous exchanges have been including help for the brand new LUNA equivalent to Kraken, Bitrue, Kucoin, Bybit, Nexo, Lbank, Bitfinex, and Bitget. Cryptocompare knowledge signifies that tether USDT instructions an incredible majority of LUNA trades adopted by ETH. The crypto asset can also be paired with the fiat currencies USD, CAD, EUR, PHP, INR, and IDR.
Terra’s new LUNA coin has been a topical dialog on crypto boards and social media. ”When you appreciated shedding all of your cash with LUNA 1.0, you’re going to like shedding all of your cash with LUNA 2.0,” one particular person on Twitter said on Saturday mocking the two.0 launch. “LUNA 2.0” is historic Egyptian for “we nonetheless want that McNugget meal at desk #5,” one other individual tweeted.
Numerous people talked concerning the Terra blockchain founder. “Do Kwon sticking round while he will get tarred and feathered every day is essentially the most alpha factor I’ve ever seen,” a person wrote on Saturday. “Actually simply shopping for luna 2.0 out of respect LMAO,” the individual added. Others weren’t so type to the brand new Terra blockchain venture. “Shopping for Luna 2.0 is the equal of calling again your ex realizing she cheated on you. Have some self-respect,” one other individual opined.
What do you concentrate on the brand new LUNA blockchain venture and the crypto asset shedding 70% hours after the genesis launch? Tell us what you concentrate on this topic within the feedback part beneath.
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