On Saturday, May 28, 2022, the headlines of LUNA Classic and UST received an aerial release consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The first recorded value of the cryptocurrency asset at 5 a.m. (ET) was $ 14.31 per unit and reached an all-time high (ATH) approximately 20 minutes later at $ 18.87 per MOON. LUNA is down more than 70% as it traded at $ 4.20 per unit at 11 a.m. Saturday.
MOON 2.0 releases
The new LUNA token is being negotiated as the cryptocurrency was launched into the holders of LUNA Classic (LUNC) and UST Classic (USTC). There is currently a maximum supply of 1,000,000,000 LUNA coins, but the current number 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 that see LUNA’s business include Gate.io and MEXC Global.
“Luna2” and “Luna 2.0” have been trending on social media for the past 24 hours, as headlines have been getting their air releases. Some people have been wondering where they can change the new LUNA token.
Earth co-founder Do Kwon tweeted about the launch on Saturday, saying: “Phoenix-1’s main network is now active and producing blocks: public node services, portfolios and explorers should be up and running. soon”. Kwon also said, “To view your LUNA (or LUNA2, as some exchanges call them) tab balances, just sign in. [Terra Station] and refresh the page “.
Several exchanges have been adding support for the new LUNA, including Kraken, Bitrue, Kucoin, Bybit, Nexo, Lbank, Bitfinex and Bitget. Cryptocompare data indicates that tether USDT commands a large majority of LUNA operations followed by ETH. Cryptographic assets are also combined with USD, CAD, EUR, PHP, INR and IDR fiat currencies.
The new LUNA de Terra coin has been a topical conversation on cryptocurrencies and on social media. “If you enjoyed losing all your money with LUNA 1.0, you’ll love losing all your money with LUNA 2.0,” a person on Twitter said Saturday mocking the 2.0 release. “MOON 2.0” is the ancient Egyptian for “we still need McNugget food on table number 5,” another person tweeted.
Several people talked about the founder of the Terra blockchain. “Doing Kwon stay while it gets tarnished and feathered every day is the coolest thing I’ve ever seen,” one person wrote Saturday. “I literally only buy Luna 2.0 out of respect for LMAO,” the person added. Others were not so kind to Terra’s new blockchain project. “Buying Luna 2.0 is the equivalent of calling your ex back knowing he cheated on you. Have some self-esteem,” said another person.
Tags this story 70% drop, blockchain fork, do kwon, Do Kwon tweets, forums, gate.io, Kraken, KuCoin, LUNA, LUNA blockchain, Luna Classic, Markets, Okx, Snapshot, Social Media , Split, earth (MOON), co-founder of Earth, UST, UST classic
What do you think of the new LUNA blockchain project and the loss of cryptographic assets 70% hours after the launch of Genesis? Let us know what you think about this topic in the comments section below.
Jamie Redman
Jamie Redman is the head of news for Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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