fbpx
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, April 1, 2023
Online Crypto College
CREATE FREE ACCOUNT
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
No Result
View All Result
Online Crypto College
No Result
View All Result

Here’s how Binance could move the Luna market

May 30, 2022
in Altcoin
Reading Time: 2 mins read
A A
Here’s how Binance could move the Luna market
ShareShareShareShareShare

Related articles

Kraken sponsors F1 car with Bitcoin whitepaper

Kraken sponsors F1 car with Bitcoin whitepaper

April 1, 2023
Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

March 31, 2023

After a dramatic downfall, Terra decided to jump back into the market with Luna 2.0. This revised version of the network made its debut over the weekend and the asset almost surged to $20. While this launch was highly anticipated by many, the community also looked forward to the airdrop that was scheduled with the launch. Unlike other exchanges, Binance decided to schedule the airdrop and allow trading of the brand new asset starting from 31 May 2022.

But what’s so special about this? Several in the community believe that Binance unlocking LUNA would move the market. With 15.7MM LUNA, Binance reportedly has the largest amount of the brand new asset which would soon be available to the public. At present, Kucoin is taking over as the exchange with the highest LUNA volume. But, Kucoin holds only 6.8MM LUNA in its address. The disparity between Kucoin and Binance seemed to be extremely high. As a result, several believe that Binance had the ability to move the market.

Twitter user, Terra Watcher, in a recent thread explains why Binance users are likely to dump the asset. It was pointed out that several users entailed TerraUSD [UST] on Anchor through Binance during the pre-attack snapshot. However, these users did not seem to have owned LUNA Classic [LUNC]. Hence, it was speculated that they wouldn’t care much about the revised version and go on dump it.

Terra Watcher further tweeted,

7/8 Once Binance unlocks, the only big group of users left to receive genesis unlock is bridge users. But not sure when or how much.

Then no more LUNA released until 6 month cliff, except staking rewards.

In my opinion, after Binance dump coast is clear to buy LUNA.

— Terra Watcher (@lurkaroundfind) May 29, 2022

Binance lists LUNA under the “innovation zone”

Binance is home to numerous assets. Certain cryptocurrencies tend to be more volatile than the rest. Taking these assets into consideration, the crypto exchange rolled out the “innovation zone”, particularly for assets that are new and high-risk tokens. LUNA 2.0 seems to have found a way into this part of Binance.

The exchange wrote,

“Terra 2.0 (LUNA) is a new token that may pose a higher-than-normal risk, and as such may be subject to price volatility.”

An array of exchanges poured in support for LUNA 2.0, however, Binance seemed to be the only one that was extra cautious.


Credit: Source link

ShareTweetSendPinShare
Previous Post

5 Top Platforms for Crypto Staking End of May 2022

Next Post

Ukraine Band Sells Trophy To Crypto Exchange To Buy Drones For Home Country

Related Posts

Kraken sponsors F1 car with Bitcoin whitepaper

Kraken sponsors F1 car with Bitcoin whitepaper

April 1, 2023

Ad Crypto exchange Kraken has sponsored a Formula 1 (F1) sports car featuring a section of the Bitcoin whitepaper, as...

Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

March 31, 2023

Ad Binance.US said in a status update on March 31 that some deposit and withdrawal options will be temporarily unavailable...

Bittrex to halt US operations by end of April

Bittrex to halt US operations by end of April

March 31, 2023

Ad Bittrex, a notable cryptocurrency exchange, said that it plans to voluntarily halt U.S. operations in an email sent to...

More than 50% of Bitcoin mining uses renewable energy

More than 50% of Bitcoin mining uses renewable energy

March 31, 2023

Ad The majority of power used in Bitcoin mining comes from renewable energy sources, according to research by ESG analyst and...

How High Can DOGE Go in April 2023?

How High Can DOGE Go in April 2023?

March 31, 2023

With recent events causing turmoil, many people are interested in predicting the price of Dogecoin (DOGE). As the first-ever meme...

Load More
Next Post
Ukraine Band Sells Trophy To Crypto Exchange To Buy Drones For Home Country

Ukraine Band Sells Trophy To Crypto Exchange To Buy Drones For Home Country

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

G7 to collaborate on tighter crypto regulation: Report – Cointelegraph

G7 to collaborate on tighter crypto regulation: Report – Cointelegraph

March 26, 2023
Crypto asset management platform Haru Invest obtains VASP … – Canada NewsWire

Crypto asset management platform Haru Invest obtains VASP … – Canada NewsWire

March 27, 2023
Shiba Inu’s (SHIB) Shibarium Sees Explosive Growth As Testnet Wallets Break 100,000 – The Daily Hodl

Shiba Inu’s (SHIB) Shibarium Sees Explosive Growth As Testnet Wallets Break 100,000 – The Daily Hodl

March 30, 2023
Binance’s CZ responds to ‘unexpected’ CFTC accusations

Binance’s CZ responds to ‘unexpected’ CFTC accusations

March 28, 2023
MetaMask warns of fake token launch campaign

MetaMask warns of fake token launch campaign

March 28, 2023

About Us

We provide the latest crypto news, trading tools, and up-to-date education to students and traders all over the world.

ENROLL FOR FREE

Latest Crypto Headlines

  • Can TMS Network outperform Solana and Avalanche?
  • Bittrex Bids Farewell to US Crypto Market Amid Regulatory Turmoil
  • Avalanche Launches Avaissance to Boost NFT Ecosystem
  • Can Dusk Network Address The Challenges Posed By The Data…
  • FTX EU Launches Website for Customer Withdrawal Requests
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Regulation
    • Trading
  • Learn Crypto For Free
  • Login

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$28,471.001.90%
  • ethereumEthereum(ETH)$1,826.711.69%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.13%
  • binancecoinBNB(BNB)$315.16-0.60%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.51-4.74%
  • cardanoCardano(ADA)$0.3912100.90%
  • staked-etherLido Staked Ether(STETH)$1,822.611.71%
  • dogecoinDogecoin(DOGE)$0.0767082.80%
  • matic-networkPolygon(MATIC)$1.111.92%
  • solanaSolana(SOL)$21.073.45%
  • polkadotPolkadot(DOT)$6.291.82%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • litecoinLitecoin(LTC)$92.975.16%
  • shiba-inuShiba Inu(SHIB)$0.0000112.24%
  • tronTRON(TRX)$0.0667371.75%
  • avalanche-2Avalanche(AVAX)$17.662.43%
  • daiDai(DAI)$1.000.09%
  • uniswapUniswap(UNI)$6.143.02%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,457.001.74%
  • chainlinkChainlink(LINK)$7.581.88%
  • ToncoinToncoin(TON)$2.257.49%
  • cosmosCosmos Hub(ATOM)$11.120.18%
  • leo-tokenLEO Token(LEO)$3.38-1.94%
  • ethereum-classicEthereum Classic(ETC)$20.592.29%
  • stellarStellar(XLM)$0.108249-0.49%
  • moneroMonero(XMR)$156.56-0.49%
  • okbOKB(OKB)$41.871.08%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • bitcoin-cashBitcoin Cash(BCH)$125.182.68%
  • filecoinFilecoin(FIL)$5.683.20%
  • hedera-hashgraphHedera(HBAR)$0.0706850.56%
  • lido-daoLido DAO(LDO)$2.394.15%
  • true-usdTrueUSD(TUSD)$1.000.03%
  • AptosAptos(APT)$11.22-0.17%
  • quant-networkQuant(QNT)$124.61-0.11%
  • crypto-com-chainCronos(CRO)$0.0692281.71%
  • nearNEAR Protocol(NEAR)$1.983.37%
  • ArbitrumArbitrum(ARB)$1.34-1.26%
  • vechainVeChain(VET)$0.0232422.07%
  • algorandAlgorand(ALGO)$0.2229490.93%
  • apecoinApeCoin(APE)$4.212.12%
  • internet-computerInternet Computer(ICP)$5.131.04%
  • eosEOS(EOS)$1.191.21%
  • fantomFantom(FTM)$0.4667492.70%
  • the-graphThe Graph(GRT)$0.1434171.08%
  • blockstackStacks(STX)$0.911.09%
  • the-sandboxThe Sandbox(SAND)$0.632.14%
  • decentralandDecentraland(MANA)$0.593.30%