Terra Launches New On-Chain Airdrop LUNA 2.0 Token – Token Value Slips Over 70% From Price Highs – Bitcoin News

On Saturday, May 28, 2022, LUNA Classic and UST Classic holders received an airdrop containing new LUNA 2.0 tokens based on two blockchain snapshots. The cryptoasset first recorded a value of $14.31 per unit at 5 a.m. ET, and set an all-time high (ATH) about 20 minutes later at $18.87 per LUNA. LUNA was trading at $4.20 a unit at 11:00 a.m. Saturday, down more than 70%.

LUNA 2.0 released

new Luna Tokens are now being traded as crypto assets were airdropped to LUNA Classic (LUNC) and UST Classic (USTC) holders. Currently, the maximum supply of LUNA coins is 1,000,000,000, but the number of tokens currently in circulation is unknown.

LUNA is currently seeing the most activity on the trading platform Okx, with 24-hour indicators indicating a price range for LUNA 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” have trends on social media Holders have been receiving their airdrops for the past 24 hours.there are already many ask Where can they trade new LUNA tokens.

Do Kwon, co-founder of Terra tweet Regarding Saturday’s launch, he said: “Phoenix-1 mainnet is now live and producing blocks – public node services, wallets and browsers should be live soon.” Kwon also said: “To check your LUNA (or LUNA2 as some exchanges call it), you just need to log in [Terra Station] and refresh the page. “

Many exchanges are adding support for the new LUNA, such as Kraken, Bitrue, Kucoin, Bybit, Nexo, Lbank, Bitfinex, and Bitget. Cryptocompare data suggests tether USDT Directed the vast majority of LUNA transactions, followed by Ethereum. Crypto assets are also paired with fiat currencies USD, CAD, EUR, PHP, INR and IDR.

Terra’s new LUNA coin has been a trending topic on crypto forums and social media. “If you liked losing all your money with LUNA 1.0, you’ll love losing all your money with LUNA 2.0,” one person tweeted Say The release of 2.0 was mocked on Saturday. “LUNA 2.0” is an ancient Egyptian word meaning “We still need McNugget meals at table 5”, another tweet.

Many people talked about the Terra blockchain founder. “Do Kwon being around every day while he’s tarred and feathered is the most important thing I’ve ever seen,” one person wrote Saturday. “Actually just bought luna 2.0 out of respect for LMAO,” the person added. Others are less friendly to the new Terra blockchain project. “Buying Luna 2.0 is the equivalent of calling your ex knowing she cheated on you. Have some self-esteem,” another think.

tags in this story

70% drop, blockchain fork, do right, Do Kwon Tweets, forum, door.io, Siren, KuCoin, Luna, LUNA Blockchain, Luna Classic, market, OK, snapshot, social media, Split, Earth (Moon), Co-founder of Terra, American University of Science and Technology, UST Classic

What do you think of the new LUNA blockchain project and the 70% of crypto assets lost within 70% of the genesis launch? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News at Bitcoin.com News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.

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