Terra Launches New Airdropping LUNA 2.0 Series – Token Value Drops Over 70% From High Price – Bitcoin News

On Saturday, May 28, 2022, holders of LUNA Classic and UST Classic received an airdrop consisting of new LUNA 2.0 tokens based on two snapshots of the blockchain. The first recorded value of the crypto-asset at 5 AM (Eastern Time) was $14.31 per unit, and reached an all-time high (ATH) almost 20 minutes later at $18.87 per LUNA. LUNA stock is down more than 70% as it traded at $4.20 per unit at 11:00 a.m. Saturday.

LAUNCH LUNA 2.0

the new Luna The token is now trading as the crypto-asset has been airdropped to holders of LUNA classic (LUNC) and UST classic (USTC). At the moment 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 seeing the most activity on the Okx trading platform and 24-hour metrics indicate that LUNA has seen a price range between $18.87 and $4.20 per unit. Other exchanges seeing LUNA trading activity include Gate.io and MEXC Global.

“Luna2” and “Luna 2.0” were used Trending on social media During the past 24 hours as aircraft carriers have been receiving their airdrops. It was a number of people Asks Where they can trade the new LUNA token.

Co-founder of Terra Do Kwon chirp About the launch on Saturday, he said, “Phoenix-1 mainnet is now live and producing blocks – public node services, wallets, and explorers will start soon.” Kwon also said, “To view LUNA (or LUNA2 as some exchanges) balances, simply log in [Terra Station] And refresh the page.

See also  Home Depot's strong quarter shows housing market is still booming

A number of exchanges have added support for the new LUNA device such as Kraken, Bitrue, Kucoin, Bybit, Nexo, Lbank, Bitfinex and Bitget. Cryptocompare data points to this tether USDT The orders of the vast majority of LUNA trades are followed by ETH. The crypto-asset is also paired with fiat currencies such as the US dollar, Canadian dollar, euro, PHP, INR, and IDR.

Terra’s new LUNA coin has been a topical conversation on crypto forums and social media. “If you love to lose all your money with LUNA 1.0, you will love to lose all your money with LUNA 2.0,” one individual on Twitter He said Saturday is making fun of the launch of 2.0. “LUNA 2.0” is an ancient Egyptian word meaning “we still need a McNugget at table number 5”, someone else chirp.

A number of individuals have spoken about the founder of Terra Blockchain. “Do Kwon is the most alpha I’ve ever seen, dripping and feathering daily,” Wrote on Saturday. “Literally just buying Luna 2.0 out of respect for LMAO,” the person added. Others have not been kind to the new Terra Blockchain project. “Buying Luna 2.0 is like calling your ex knowing she cheated on you. Have some self-respect,” someone else opened.

Tags in this story

70% dropAnd the blockchain forkAnd the do kwonAnd the Do Kwon’s TweetsAnd the ForumsAnd the GateAnd the legendary sea monsterAnd the KuCoinAnd the LunaAnd the LUNA blockchainAnd the Classic LunaAnd the marketsAnd the goodAnd the glimpseAnd the Social mediaAnd the splitAnd the Terra (Luna)And the Co-founder of TerraAnd the USTAnd the Classic UST

What do you think of the new LUNA blockchain project and the crypto-asset plummeting 70% hours after the launch of Genesis? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman 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, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




photo credits: Shutterstock, Pixabay, Wikicommons

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

Leave a Reply

Your email address will not be published.