LUNA is dead, Long live LUNA!

vlemon in #hive-167922 • 2 years ago

Hi HODLers (Bitcoin hopefully not LUNA ones),

The new version of the Terra blockchain, “Terra 2.0,” with freshly minted LUNA tokens. was launched on early Saturday.

As reported by Coindesk:

A snapshot of the new blockchain, currently called "Terra 2.0," took place earlier this week after the conclusion of a vote among network validators with a 65% approval rate.

The performance of this token has been underwhelming as any previous LUNA investors probably wanted to recoup whatever $ value they could from this entire shitshow.

Currently, LUNA is traded across seven different exchanges: Bybit, Kucoin, Kraken, MEXC, OKK, Bitrue, and BingX

New LUNA Price

In the first 12 hours, the LUNA token lost 73% of its value!

The previous LUNA has been renamed LUNA Classic

It has held its ground so far and even bounced a little this Sunday. Let's see if some believe this token can be revive.

NFA BUT I wouldn't touch any of these tokens after everything that happened.

Sources:

Stay safe out there,

Latest Analysis

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#luna #ust #defi #cryptocurrency #leoalpha #proofofbrain #vyb #ctp #cent #waivio #crypto #hbd #leofinance

2 years ago in #hive-167922 by vlemon

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acesontop 2 years ago

I'm getting about 0.5 LUNA after the airdrop on May 31, but to me this shit is rat poison and nothing more... I'm taking the loss with it and moving on.

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anttn 2 years ago

ouch, that's hard - got seven after buying +1M for few cents but I followed this big crash and the reactions of the supporters of Terra / Luna and it's really look like a setup plan to disappear with the money ...

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basilmarples 2 years ago

yowch. doesnt look like much fun. It would be cool to see a passionate community rebuild a project from the ashes and become something decentralised and dynamic like Hive. What do you think the chances are?

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josephsavage 2 years ago

We have seen a lot of oracle issues around the Luna debacle that should be really eye-opening for defi users.
I don't know whether new LUNA will do well (I have some from the airdrop and have not sold it yet), but my skepticism of Do Kwon's so-called 'genius' grows with each passing day.

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whatsup 2 years ago

Luna is in big trouble and it's largest supporters are still dealing with accepting their losses, really hard to tell what happens next if the community surrounds it, they may have a chance, but many did not seem so inclined.

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howzat 2 years ago

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hivebuzz 2 years ago

Dear @vlemon, we need your help!

The Hivebuzz proposal already got important support from the community. However, it lost its funding a few days ago and only needs a few more HP to get funded again.

May we ask you to support it so our team can continue its work this year?
You can do it on Peakd, ecency, Hive.blog or using HiveSigner.
https://peakd.com/me/proposals/199

Your support would be really helpful and you could make a difference.
Thank you!

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