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On Saturday, Could 28, 2022, LUNA basic and UST basic holders acquired an airdrop consisting of recent LUNA 2.0 tokens primarily based 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 basic (LUNC) and UST basic (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 probably the most exercise on the buying and selling platform Okx and 24-hour metrics point out LUNA has seen a worth vary between $18.87 and $4.20 per unit. Different exchanges seeing LUNA buying and selling exercise embrace Gate.io, and MEXC International.
“Luna2” and “Luna 2.0” have been trending on social media in the course of the previous 24 hours as holders have been receiving their airdrops. A lot of folks have been asking the place they will commerce the brand new LUNA token.
Terra’s co-founder Do Kwon tweeted concerning the launch on Saturday and stated: “Phoenix-1 mainnet is now dwell and producing blocks – public node providers, wallets and explorers ought to be going dwell shortly.” Kwon additionally stated: “To view your LUNA (or LUNA2 as some exchanges name them) token balances, you solely must log into [Terra Station] and refresh the web page.”
A lot of exchanges have been including assist for the brand new LUNA akin to Kraken, Bitrue, Kucoin, Bybit, Nexo, Lbank, Bitfinex, and Bitget. Cryptocompare information signifies that tether USDT instructions an awesome majority of LUNA trades adopted by ETH. The crypto asset can 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. ”Should you preferred 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.
A lot of people talked concerning the Terra blockchain founder. “Do Kwon sticking round while he will get tarred and feathered each day is probably 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 form to the brand new Terra blockchain venture. “Shopping for Luna 2.0 is the equal of calling again your ex figuring out she cheated on you. Have some self-respect,” one other individual opined.
What do you consider the brand new LUNA blockchain venture and the crypto asset shedding 70% hours after the genesis launch? Tell us what you consider this topic within the feedback part under.
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