LUNA 2.0 First Trading Day: Pump to $30 and Dump to $4

LUNA is live and trading following the successful launch of the Terra 2.0 protocol yesterday. The cryptocurrency is off to a tumultuous start, with its price fluctuating greatly.

• LUNA is already trading on many exchanges, and it’s been a wild ride on most of them.
• On Bybit – for instance – the price started at $0.5 and skyrocketed up to $30 in a matter of minutes.
• Shortly after, it started falling and dumped all the way to around $4 before stabilizing at $6, where it’s currently trading.

• It’s worth noting that the price has varied greatly on the different exchanges, and that’s largely attributed to the trading volume.
• Data from CoinMarketCap reveals that the cryptocurrency generated around $230 million in trading volume in the past 24 hours.
• Close to 50% of that comes from KuCoin.
• Additionally, Binance – the world’s leading cryptocurrency exchange by means of trading volume, has still to launch LUNA trading, which is set to begin in two days – on May 31st.
• As CryptoPotato reported yesterday, Terra 2.0 launched with the support of many platforms. LUNA holders have already started receiving their airdrop.