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Blog

LUNA 2.0 First Trading Day: Pump to $30 and Dump to $4

LUNA is live and trading following the successful launch of the Terra 2.0 protocol yesterday. The cryptocurrency is off to a tumultuous start, with its price fluctuating greatly.

  • LUNA is already trading on many exchanges, and it’s been a wild ride on most of them.
  • On Bybit – for instance – the price started at $0.5 and skyrocketed up to $30 in a matter of minutes.
  • Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6, where it’s currently trading.
img1_luna
Source: Bybit

 

  • It’s worth noting that the price has varied greatly on the different exchanges, and that’s largely attributed to the trading volume.
  • Data from CoinMarketCap reveals that the cryptocurrency generated around $230 million in trading volume in the past 24 hours.
  • Close to 50% of that comes from KuCoin.
  • Additionally, Binance – the world’s leading cryptocurrency exchange by means of trading volume, has still to launch LUNA trading, which is set to begin in two days – on May 31st.
  • As CryptoPotato reported yesterday, Terra 2.0 launched with the support of many platforms. LUNA holders have already started receiving their airdrop.
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