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After a Strong Start, LUNA 2.0 Plummets by 80% on Its First Day of Trade -Breaking


After a solid start, LUNA2.0 plummets by 80% after its first day of trading
  • Within an hour of trading, LUNA 2.0 fell by 80%
  • LUNA 2.0 is in the innovation zone on world’s biggest crypto exchange, Binance.
  • LUNA 2.0’s price at press time is $5.75

The online launch of the new LUNA 2.0 LUNA chain took place on May 28th. An airdrop was also sent out to millions of wallets. Although the initial price for the chain was $0.30 on ByBit, it quickly soared to $30 within the first 30 minutes after trading opened. The peak came and went quickly, with the price dropping to $5.30 after just three hours.

Binance announced that the virtual asset will soon be listed in the innovation area as a result of its volatility. Trading of the LUNA/USDT trading pair and LUNA/BUSD trading pair will also be delayed until May 31st, at 6…

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