February 1, 2023

Ethereum Reader

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After a Strong Start, LUNA 2.0 Plummets by 80% on Its First Day of Trade

<img width="300" height="169" src="https://ethereumreader.com/wp-content/uploads/2022/05/after-a-strong-start-luna-2-0-plummets-by-80-on-its-first-day-of-trade.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="After a strong start, LUNA 2.0 plummets by 80% on its first day of trade" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="" srcset="https://ethereumreader.com/wp-content/uploads/2022/05/after-a-strong-start-luna-2-0-plummets-by-80-on-its-first-day-of-trade.jpg 300w, https://coinquora.com/wp-content/uploads/2022/05/LUNA-community-is-gearing-up.jpg 730w" sizes="(max-width: 300px) 100vw, 300px" />LUNA 2.0 plummets by 80% merely hours after it started trading. LUNA 2.0 is in the innovation zone on world’s ...<p class="d-none"><a class="btn btn-primary btn-sm understrap-read-more-link" href="https://coinquora.com/after-a-strong-start-luna-2-0-plummets-by-80-on-its-first-day-of-trade/">Read More...</a></p>

After a strong start, LUNA 2.0 plummets by 80% on its first day of trade

  • LUNA 2.0 plummets by 80% merely hours after it started trading.
  • LUNA 2.0 is in the innovation zone on world’s biggest crypto exchange, Binance.
  • The price of LUNA 2.0 is $5.75 at press time.

On May 28, the new LUNA 2.0 chain went online, and an airdrop of the new coin was sent to millions of wallets at the same time. The price of the chain initially started trading on ByBit at $0.30, but it quickly skyrocketed to $30 in the first 30 minutes of trading after the market opened. But, the peak was short-lived, as the price dropped to $5.30 within three hours.

As a direct result of the volatility that has been seen by the brand new virtual asset, Binance has decided to make the announcement that it will be listing it in the innovation zone. Furthermore, trading of the LUNA/USDT and LUNA/BUSD trading pairs will be postponed until May 31st at 6 …

Source: coinquora.com