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Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High – Bitcoin News

Crptoz by Crptoz
May 28, 2022
in Bitcoin News
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On Saturday, May 28, 2022, LUNA Classic and UST Classic holders received an airdrop consisting of the new LUNA 2.0 token based on two blockchain snapshots. The first record price of the crypto asset was at 5 am (ET), $14.31 per unit and it reached an all-time high (ATH) at $18.87 per LUNA about 20 minutes later. LUNA is down more than 70% as it traded for $4.20 per unit at 11:00 AM on Saturday.

Luna 2.0 launch

The new LUNA token is now trading as the crypto asset was broadcast to LUNA Classic (LUNC) and UST Classic (USTC) holders. Currently, there is a maximum supply of 1,000,000,000 LUNA coins but the current amount of tokens in circulation is unknown.

LUNA is currently witnessing the highest activity on trading platform Okx and 24-hour metrics indicate that LUNA has seen a price range between $18.87 and $4.20 per unit. Other exchanges that see LUNA trading activity include Gate.io and MEXC Global.

There are “Luna 2” and “Luna 2.0” trending on social media Holders are receiving their airdrops during the last 24 hours. many people have been ask Where they can trade new LUNA tokens.

Terra Co-Founder Do Kwon tweeted Speaking about the launch on Saturday, More said: “The Phoenix-1 mainnet is now live and producing blocks – public node services, wallets and explorers should be live soon.” Kwon also said: “To view your LUNA (or LUNA2 as some exchanges call them) token balances, you only need to log in [Terra Station] And refresh the page.”

Several exchanges are adding support for the new LUNA such as Kraken, Bitrue, Kucoin, Bybit, Nexo, Lbank, Bitfinex, and Bitget. CryptoKitties data indicates that Tether commands the vast majority of Luna trades followed by USDT ETH. Crypto assets are also combined with fiat currencies USD, CAD, EUR, PHP, INR and IDR.

Terra’s new LUNA coin has been an occasional conversation in crypto forums and on social media. “If you love losing all your money with LUNA 1.0, you’ll love losing all your money with LUNA 2.0,” one person said on Twitter. Told Mocked the 2.0 launch on Saturday. “Luna 2.0” stands for Ancient Egyptian “We Still Need McNugget Meals on Table #5,” another person said. tweeted,

Many people talked about the founder of the Terra Blockchain. “Has kwon sticking around every day while being wired and feathered is the most alpha thing I have ever seen,” said one person. wrote on Saturday. “Really just buying Luna 2.0 in honor of LMAO,” said the person. Others were not so kind to the new Terra Blockchain project. “Buying Luna 2.0 is the equivalent of calling your ex back knowing he cheated on you. Have some self-respect,” second person did not vote,

Tags in this story
70% Drop, Blockchain Fork, Do Quon, Do Quon Tweets, Forum, Get.io, Kraken, Kucoin, Luna, Luna Blockchain, Luna Classic, Markets, OKEx, Snapshot, Social Media, Split, Terra (Luna), Terra Co -Founder, UST, UST Classic

What do you think about the new LUNA Blockchain project and the crypto asset 70% hours after the launch of Genesis? Let us know what you think about this topic in the comment section below.

Jamie Redmayne

Jamie Redmayne is the News Lead at Bitcoin.com News and a financial tech journalist based in Florida. Redmayne has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open-source code, and decentralized applications. Since September 2015, Redmayne has written over 5,000 articles for Bitcoin.com News about the disruptive protocol emerging today.

image credit: Shutterstock, Pixabay, WikiCommons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.

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