Terra Launches New Chain Airdropping LUNA 2.0 Coins — Token Value Slides Over 70% From Price High
The crypto asset is present to be had for buy and changed into despatched as an airdrop to LUNA classic (LUNC) and UST classic (USTC) holders. Although the entire quantity of LUNA cash that can be synthetic is 1,000,000,000, the real quantity of tokens in-stream is unknown. On the buying and selling platform Okx, LUNA is now witnessing the very best action, with 24-hour statistics indicating a rate variety of $18.87 to $4.20 in step with unit. Gate.io and MEXC Global are different exchanges wherein LUNA is exchanged.
After holders were given their airdrops, the terms “Luna2” and “Luna 2.0” were trending on social media for beyond 24 hours. A lot of users have inquired about trading the new LUNA cryptocurrency. “Phoenix-1 mainnet is now online and creating blocks — public node services, wallets, and explorers should be going live shortly,” Terra co-founder Do Kwon tweeted on Saturday. “To examine your LUNA (or LUNA2 as some exchanges refer to them) token balances, simply log into [Terra Station] and reload the website,” Kwon said.
The new LUNA has been added to Kraken, Bitrue, Kucoin, Bybit, Nexo, Lbank, Bitfinex, and Bitget, among other exchanges. LUNA transactions are dominated by tether USDT, followed by ETH, according to Cryptocompare data. The crypto asset also accepts the fiat currencies USD, CAD, EUR, PHP, INR, and IDR. The Terra blockchain creator was discussed by a lot of people. On Saturday, someone wrote, “Do Kwon sticking around while he gets tarred and feathered daily is the most alpha thing I’ve ever seen.”
“I was literally just purchasing luna 2.0 out of respect LMAO,” the individual continued. Others, on the other hand, were not so complimentary of the new Terra blockchain initiative. “Purchasing Luna 2.0 is like phoning your ex after discovering she had cheated on you. Another individual advised, “Have some self-respect.”