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LUNA 2.0: PRICE PLUMMETS BY 70% AS INVESTORS SELL OFF AFTER LAUNCH

Following the launch of Terra 2.0, it’s been a rollercoaster 24 hours for LUNA as it pumped massively after which a subsequent decline followed through. The Terra 2.0 protocol launch was successful and consequently, LUNA is live and trading already on many exchanges. The cryptocurrency has been subject to heavy price fluctuations after a tumultuous start.

Terra 2.0 was launched with the support of many platforms. And it is reported that LUNA holders have already started receiving their airdrop.

The price has varied greatly on different exchanges which the trading volume contributed largely too.
In addition, Binance the world’s leading cryptocurrency exchange platform is yet to list it. The set date for listing on Binance is May 31st.

At this stage, the dumps seem to suggest a lack of faith in Do Kwon’s revamp and investors who lost on Terra 1.0 are seeking to salvage something out of it. And most likely, we will see a further tank down in price after the Binance listing.

Featured image source: Coingape

 

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