Binance Effect on Terra's New Token LUNA
Terra's new token, LUNA, rose after Binance listing.
Binance effect on Terra's new token Luna. Launched on May 28, Terra's new token, LUNA, gained 40 percent after being listed on Binance, one of the world's largest cryptocurrency exchanges, yesterday.
According to Coinkolik, LUNA is trading at $8.58 with a circulating supply of 210 million and has a market capitalization of $1.7 billion.
Terra, which caused a collapse in the cryptocurrency markets, took action after the collapse of LUNA. After voting on the bailout plan presented by CEO Do Kwon, the bifurcation decision was made. The old token was called LUNA Classic (LUNC) and was rebooted last weekend with the new token LUNA ticker.
KuCoin and ByBit were the first crypto-asset trading platforms to list the new LUNA token.
Source: Coinkolik
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