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Synopsis: The LUNA 2.0 price today launched at $0.5 on Bybit and a few other crypto exchanges, and pumped 6000% up to $30 on Bybit, before correcting to around $13-16 with an hour.

The LUNA/USDT spot price then dropped to around $5 – $7 at parity with other crypto exchanges, then hit a low of $3.50 before bouncing.

The old LUNA has now been renamed to Terra Classic (LUNC), reflected on Coinmarketcap, and a second listing added for the new Terra (LUNA).

On Coinmarketcap and Kraken the LUNA 2.0 price, Terra 2.0 as some are calling it, was initially priced around $7 – $9 during the time it was much higher on Bybit (now $3 – $4).

The old LUNA has now been renamed to Terra Classic (LUNC), reflected on Coinmarketcap, and a second listing added for the new Terra (LUNA).

On Coinmarketcap and Kraken the LUNA 2.0 price, Terra 2.0 as some are calling it, was initially priced around $7 – $9 during the time it was much higher on Bybit (now $3 – $4).

Will LUNA 2.0 Go Up?
Whether that wick to $30 will be filled after the bounce in the days to come remains to be seen.

Bybit does have a high trading volume – its traders are often referred to as ‘Bybit apes’ on crypto Twitter – and one theory in technical analysis is that most short term price wicks do get filled eventually, or close to it. Price moves to find buyers and sellers, testing and retesting different supply and demand zones on the price chart.

Binance is yet to list LUNA although confirmed they would, and eToro haven’t announced if they will.

Many on social media are bearish and predict the new LUNA will go to zero again, calling the pump and dump of Terra 2.0 a second scam by Do Kwon and Terraform Labs.

The new Terra (LUNA) market cap is around $1.1 billion, with a fully diluted market cap of $5.4 billion.

Meanwhile the old Terra Classic (LUNC) price has dropped back to $0.0001, down 20% in the past 24 hours with a market cap of $700 million.



#luna2.0 #terraluna2.0 #terra2.0