LUNA 2.0 Trading Volume Surpassed $2 Billion in May

2022-6-3 22:30

LUNA 2.0 saw huge investor interest in May after the revival of the Terra project, which saw the old digital currency and its network rebranded to Terra Classic (LUNC).

LUNA 2.0 trended in the last days of May and continues to trend in the first week of June due to several cryptocurrency exchanges throwing their support behind the survival of the native asset of the new Terra ecosystem. According to Be[In]Crypto Research, the trading volume recorded for LUNA 2.0 was in the region of $2.48 billion (May 28 to 31). 

Source: LUNA 2.0 Historical Data by CoinMarketCap

Although this figure may seem small due to the trading volumes of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Binance Coin (BNB), it was $1.74 billion more than Terra Classic (LUNC) trading volume within the same period. In the last four days of May, LUNC had a combined trading volume of approximately $741.86 million.

Source: LUNC Historical Data by CoinMarketCap What caused the spike in LUNA 2.0 volume? 

The support of several mainstream cryptocurrency exchanges during the revival of the Terra project is largely responsible for the soaring trading volume of LUNA 2.0. 

HitBTC announced that from May 28, new spot pairs LUNA/BTC, LUNA/ETH, and LUNA/USDT would be available for their users. Despite the reservations, Chief Executive Officer (CEO) of Binance Changpeng Zhao has had on the revival plan of Terra, the exchange was part of the LUNA 2.0 airdrop that took place on May 31. Binance opened trading for LUNA/USDT and LUNA/BUSD in the late morning hours of May 31. Crypto.com also supported the New LUNA token airdrop for existing holders. 

Aside from the aforementioned exchanges, LUNA 2.0 can be accessed on Bitget, CoinEx, LBank, Bibox, MEXC Global, Bybit, Huobi Global, OKX, Kucoin, and Gate.io. 

LUNA 2.0 price performance 

LUNA 2.0 opened on May 28, 2022, with a trading price of $18.98, reached a monthly high of $19.54 on the same day, and tested a monthly low of $4.85 on May 29. LUNA 2.0 ended May with a trading price of $8.88. Overall, this equates to a 53% dip in the opening and closing price of the coin.  

Source: LUNA 2.0/USD Chart by CoinMarketCap

What do you think about this subject? Write to us and tell us!

The post LUNA 2.0 Trading Volume Surpassed $2 Billion in May appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Luna Coin (LUNA) на Currencies.ru

$ 0.0059327 (+16.14%)
Объем 24H $285
Изменеия 24h: 11.57 %, 7d: 6.72 %
Cегодня L: $0.0059327 - H: $0.0059327
Капитализация $10.124k Rank 2215
Доступно / Всего 1.706m LUNA

luna may trading volume billion saw surpassed

luna may → Результатов: 66


Запуск Terra 2.0 перенесен

Криптокомпания Terraform Labs переносит запуск сети Terra 2.0 и раздачу новых токенов на 28 мая, о чем объявила на своей официальной странице в Twitter, пишет РБК Крипто. 10/ Q: When will the airdrop occur? A: The LUNA airdrop will occur on the first block of the new Terra chain, expected on or around May 28th, 2022 […]

2022-5-27 11:46


Luna Crash Highlights Crypto Market’s Vulnerabilities, Astra Protocol to the Rescue

As if external fundamentals related to geopolitical tensions and worries of economic recession weren’t enough, the crypto industry has been bleeding due to internal factors. Earlier in May, TerraUSD (UST), the largest algorithmic stablecoin by market cap, collapsed and is now trading at only eight cents, even though it was supposed to maintain a 1:1 […]

2022-5-26 21:18


Investors May Expect Downside For Bitcoin And Ethereum Market For The Next 3 Months

The crypto markets have accepted the depegging of UST and the subsequent downward spiral of LUNA, both of which impacted the price of Bitcoin and the entire digital asset spectrum. According to a recent report by the Glassnode team, the Bitcoin market has been trading lower for eight weeks, making it the ‘longest continuous series of red weekly candles in history.

2022-5-25 02:00


Terra Luna Price Continues to Drop, TerraUSD (UST) Hits New All-Time Low

After the UST de-peg, which occurred on May 9th, LUNA and UST prices continued to drop, hitting new all-time lows day after day. While several influencers are urging investors to purchase LUNA at such low prices, the truth is that investor confidence in the cryptocurrency is lost, and users need to cut their losses and […] The post Terra Luna Price Continues to Drop, TerraUSD (UST) Hits New All-Time Low appeared first on NullTX.

2022-5-16 16:50