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.
Source: Bybit

 

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.

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