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.
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,
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.
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