• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Wednesday, August 10, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

LUNA 2.0 Price Crashed Heavily After The Launch! Here’s What Crypto Space Has To Say ! – Coinpedia – Fintech & Cryptocurreny News Media

May 29, 2022
in Crypto News
Reading Time: 2 mins read
A A
ShareShareShareShareShare

Terraform Labs on Last Saturday has Launched a new version of the Terra blockchain, “Terra 2.0” with freshly minted LUNA tokens. Out of 1 billion LUNA tokens, only 21 million were airdropped and added to the circulating supply on Saturday.

The remaining freshly minted LUNA tokens will be airdropped in phase. It peaked last month at $119.18 before a historical crash of stablecoin wiped out tens of billions of dollars in value. 

Just 12 hours later, the Freshly minted LUNA token had dropped almost 73% of its initial value. Which was at a peak of $19.54 earlier is now trading at $5.18 according to the data from CoinMarketCap.

Initially LUNA tokens were only available on Bybit crypto exchange for trading, but after ten minutes of its launch Kucoin also enabled LUNA for trading. Whereas now LUNA is trading at seven different exchanges named as, Bybit, Kucoin, kraken, MEXC, OKK, Bitrue, and BingX and none of them have enabled LUNA futures trading. 

Many people are still doubtful of Terra 2.0, CEO of crypto exchange Binance, who offered support for Terra’s new blockchain Changpeng Zhao reacting to the shedding of Terra 2.0 , said that “Credibility is the ultimate currency.”

Further, the Crypto YouTuber Ben Armstrong also told people not to buy crypto even again. Some of the other users  sticking by original LUNA, since renamed Terra Classic (LUNC) and referred to by some as LUNA classic, is now down by 29% in just 24 hours to $0.00009031. 

The Terra CEO Do Kwon is quiet today as he is just retweeting the announcements from exchnages.

Was this writing helpful?


Credit: Source link

Related articles

Curve Finance Comprimised — Here’s What We Know So Far

August 9, 2022

This Bitcoin Indicator Points Massive Bull Run

August 9, 2022
ShareTweetSendPinShare
Previous Post

Paraguay Approves Crypto Regulation Bill Via 40-12 Vote

Next Post

Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users – Metaverse Bitcoin News

Related Posts

Curve Finance Comprimised — Here’s What We Know So Far

August 9, 2022

Yet another DeFi protocol Curve Finance has fallen victim to a black hat. Curve frontend apparently compromised — pls be...

This Bitcoin Indicator Points Massive Bull Run

August 9, 2022

A well-known crypto analyst and trader puts forth his analysis saying that Bitcoin’s price action is depicting the same pattern...

3 Cryptos To Buy During The Dip Season: Dogeliens, Cardano, And Synthetix

August 9, 2022

Blockchain-based assets like cryptocurrencies have paved the way for seismic shifts in the investment and financial services sector globally. As...

Bitcoin realized price bands form key resistance as bulls lose $24K

August 9, 2022

Covered: BTC Price Bands Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. BTC/USD...

Cardano Fails to Make a Breakout; Will ADA Sustain Consolidation

August 9, 2022

Cardano blockchain remains under consolidation despite outperforming its competitors. Buyers losing strength near $0.55 creates a scenario for dumping ADA...

Load More
Next Post

Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users – Metaverse Bitcoin News

Leave a Reply Cancel reply

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

Solana’s Investigation Indicates Wallet Exploit Tied to Slope Mobile App – Altcoins Bitcoin News

August 4, 2022

U.S. Senators Seek to Put CFTC in Charge of C…

August 3, 2022

Crypto Regulations: Is Cyprus a Crypto Tax Haven?

August 5, 2022

Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon?

August 9, 2022

Coinbase Rises ahead of Second-quarter Earnings Report

August 6, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Iran Places First Official Import Order With Cryptocurrency Worth $10 Million – Regulation Bitcoin News
  • Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity – Mining Bitcoin News
  • What The Impending “Triple Halvening” Means For The Future Of Ethereum

Newsletter

Loading
  • 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
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$22,855.00-4.15%
  • ethereumEthereum(ETH)$1,675.70-5.60%
  • tetherTether(USDT)$1.00-0.07%
  • usd-coinUSD Coin(USDC)$1.00-0.24%
  • binancecoinBNB(BNB)$315.32-2.84%
  • Binance USDBinance USD(BUSD)$1.000.02%
  • rippleXRP(XRP)$0.366683-2.83%
  • cardanoCardano(ADA)$0.51-4.51%
  • SolanaSolana(SOL)$39.49-6.37%
  • polkadotPolkadot(DOT)$8.60-6.53%
  • dogecoinDogecoin(DOGE)$0.068237-3.27%
  • AvalancheAvalanche(AVAX)$27.71-0.34%
  • daiDai(DAI)$1.00-0.04%
  • Lido Staked EtherLido Staked Ether(STETH)$1,617.89-5.75%
  • matic-networkPolygon(MATIC)$0.88-4.84%
  • tronTRON(TRX)$0.068199-3.03%
  • Shiba InuShiba Inu(SHIB)$0.000010-17.51%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,883.00-4.05%
  • ethereum-classicEthereum Classic(ETC)$37.22-2.04%
  • leo-tokenLEO Token(LEO)$4.993.51%
  • OKBOKB(OKB)$17.95-2.30%
  • litecoinLitecoin(LTC)$58.37-6.40%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.25-3.52%
  • FTXFTX(FTT)$29.34-6.58%
  • chainlinkChainlink(LINK)$8.43-3.05%
  • UniswapUniswap(UNI)$8.30-5.99%
  • CronosCronos(CRO)$0.143917-4.66%
  • cosmosCosmos Hub(ATOM)$10.73-9.97%
  • stellarStellar(XLM)$0.120453-3.90%
  • FlowFlow(FLOW)$2.90-6.25%
  • moneroMonero(XMR)$158.63-6.86%
  • bitcoin-cashBitcoin Cash(BCH)$132.37-8.05%
  • algorandAlgorand(ALGO)$0.341570-18.30%
  • vechainVeChain(VET)$0.029571-6.37%
  • ApeCoinApeCoin(APE)$6.83-7.15%
  • filecoinFilecoin(FIL)$7.94-8.52%
  • Internet ComputerInternet Computer(ICP)$7.71-6.25%
  • ChainChain(XCN)$0.0896461.67%
  • decentralandDecentraland(MANA)$1.01-7.22%
  • HederaHedera(HBAR)$0.073864-7.73%
  • The SandboxThe Sandbox(SAND)$1.28-6.19%
  • QuantQuant(QNT)$120.97-5.64%
  • tezosTezos(XTZ)$1.77-6.92%
  • Axie InfinityAxie Infinity(AXS)$17.34-6.45%
  • theta-tokenTheta Network(THETA)$1.50-7.73%
  • FraxFrax(FRAX)$0.98-2.18%
  • ElrondElrond(EGLD)$60.90-8.48%
  • AaveAave(AAVE)$96.55-6.44%
  • true-usdTrueUSD(TUSD)$1.00-0.18%
  • Lido DAOLido DAO(LDO)$2.21-6.26%