Terra Luna Classic price up 90% after this announcement

Luna Classic (LUNC) prices rose sharply on Monday after Binance said it would launch new perpetual contracts for the token.

The move signifies support for LUNC even after the launch of Terra 2.0, which saw the new LUNA airdropped last week. LUNC has jumped more than 90% in the past 24 hours and is trading at an average price of $0.000150.

However, prices for the new Terra LUNA are down more than 60% after the initial launch. Meanwhile, LUNA Classic (LUNC) prices are showing some green indicators days after the terrible crash.

Binance will release 1,000 LUNC with a margin of BUSD

Terra LUNA Airdrop has gained the support of many crypto exchange platforms and service providers. Binance, the world’s largest crypto exchange, has announced the listing of the new LUNA token. However, the advertisement mentioned placing it in Innovation Zone. Binance has stated that it will release Terra 2.0 (LUNA) to all eligible LUNC or USTC holders based on the proposed ratio. However, deposits and withdrawals for the token will open on May 31, 2022 at 05:30 (UTC).

In the latest development, Binance futures revealed that they will be Launching 1000LUNC with BUSD margin Perpetual contracts with leverage of up to 20x. Issues will be released tomorrow, May 31, 2022, at 2:45 AM (UTC).

The LUNC token, whose price has completely collapsed to the ground, has seen a jump of more than 185% in its 24-hour trading volume. It is worth 256 million dollars. However, LUNA Classic still holds a total capital of approximately $990 million. Meanwhile, South Korean agencies are intensively investigating this possibility The cause of the historical collapse. The participation of cryptocurrency exchanges during the crash is also under consideration.

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The new LUNA device jumps 13%

Terra coin should be stable, and TerraClassicUSD has also seen a jump of more than 20% in the meantime. The token is now trading at $0.0328.

Meanwhile, the Terra LUNA 2.0.0 Update Finally recorded a rise in its price from the first fall. The token is up over 13% in the past 24 hours. LUNA is trading at an average price of $6.6 after dropping below the price level of $17.

Ashish believes in decentralization and has a keen interest in developing Blockchain technology, the Cryptocurrency ecosystem, and NFTs. He aims to create awareness about the growing crypto industry through his writing and analysis. When he’s not writing, he’s playing video games, watching some action movies, or going out for some outdoor sports. reach me on [email protected]

Submitted content may include the author’s personal opinion and is subject to market conditions. Do market research before investing in cryptocurrency. The author or publication assumes no responsibility for your personal financial loss.

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