New LUNA token moves more than $100 million USD in trading within hours of its launch

Although for many there are great expectations about the release of Earth 2.0 and the distribution of the new tokens MOON, many seem to be more inclined to regain some of what they have lost with LUNC so they have gone to the main exchanges to sell the coins received after the airdrop.

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• LUNA retails for about USD $17.8 per unit.
• In less than 12 hours it loses more than 77% of its value.
• Operations with LUNA en exchanges superaron los USD $100 millones en menos de 12 horas.

Joy, enthusiasm, fear and distrust, emotions that are breathed in the market an area or arena, online or offline, in which commercial dealings are conducted. for the morning of this May 28th after the relaunch of Terra with version 2.0 of its network, a bet by the developer team to save the project after the abrupt fall that led to LUNA (now LUNC) y UST (now USTC) to lose almost 100% of its share price.

The launch of Earth 2.0 came along with the distribution of the new tokens. LUNA among the original users, this through an airdrop a marketing campaign that distributes a specific cryptocurrency or token to an audience. campaign in accordance with the plan presented by Do Kwon, founder and CEO of Terraform Labs. However, the arrival of the new cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. did not stop a lot of people from starting to trade through the major exchanges.

LUNA moves more than $100 million USD within hours of departure

According to information published in our section CryptoMarkets and in CoinMarketCap , commercial operations with the new token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. LUNA began at 5:00am (New York time) this Saturday, May 28th.

By that time the cryptocurrency had an estimated starting value of about USD $17.8 per unit, but reached USD $19.5 about 30 minutes later, and then went down and fell to USD $4.19 recorded at the time of editing, a figure that represents a 77.5% drop from its launch price.

The interesting fact here is that this development was accompanied by a high trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. over the past few hours, as market data indicates that more than USD $102 million was traded at the time of publishing. Associating these values with the drop seen in the price of the token MOON, the bulk of trades are sell orders by users seeking to obtain some form of remuneration for losses capitalized with LUNC.

Among the exchanges where the largest volume of trading operations is capitalized, the following stand out KuCoin, in which around USD $53.4 million is being moved in spot a contract or transaction buying or selling a cryptocurrency for immediate settlement, or payment and delivery, of the cryptocurrency on the market. operations, i.e. more than 50% of the capital capital is most commonly defined as the large sum of money you would use to invest. mentioned above.

What about the rest of the market?

Leaving aside the new token’s appearance MOON, here is a brief overview of the current state of the crypto market over the last 24 hours:

• Of the top 100 crypto market exponents, as of this hour some 73 digital currencies are down with declines ranging from 0.5% to 5.5%.
• Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. ( BTC ) managed to recover slightly and overcome at 8:00am (New York time) the barrier of USD $29,000, but at the time of editing it falls again and is quoted at about USD $28.990 per unit.
• Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ) has failed to recover and climb back above the USD $1,800 barrier, trading at around USD $1,780 as of this writing.
• Some of the day’s most notable winners include Tezos ( XTZ ), which at this hour is trading at about $1.91 and is capitalizing on gains gains refer to an increase in value or profit. of 3.1% in the last 24 hours.
• And finally we have Luna Classic (LUNC), the old version of MOON, that after the launch of Earth 2.0 continues to decline, losing more than 30% of its price in the last 24 hours. At the time of writing it is trading at around USD $0.00009391 per unit.

The most important news of the day

We understand that this is a complex and especially sensitive time in the cryptocurrency market, but if you are one of the people who see opportunities with the current prices, we remind you that our section CryptoMarkets buttons are now available for you to buy your favorite digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies.

If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum ( ETH ) or want to get someTether ( USDT ), all you have to do is access our website CryptoMarkets y hacer clic en la moneda de interés. Además de ver su cotización, evolución y otros datos de mercado, también encontrará un botón de compra que le llevará a un exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. reputable in which to do business.

We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.

With information from CryptoMarkets DailyBitcoin y CoinMarketCap

Análisis patrocinado por EurocoinPay

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