The native token of the recently-launched iteration Terra 2.0 soared in value over the past 24 hours. This comes as LUNA is now trading live on the leading cryptocurrency exchange – Binance.
As CryptoPotato reported a few days ago, Terra 2.0 launched and successfully started producing blocks.
Multiple exchanges supported the airdrop for LUNA holders and, subsequently, enabled trading services for the new token, and the price went on a rollercoaster, skyrocketing to $30 (on some platforms) and declining all the way down to $4 hours later.
With that said, the leading cryptocurrency exchange by means of daily trading volume – Binance – only enabled LUNA trading a few hours ago after having finalized the airdrop to its users.
In an announcement from earlier today, the exchange noted:
Binance has completed the Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders.
In the past 24 hours, the price of LUNA has gone on a tear, skyrocketing by around 42% at the time of this writing.
The cryptocurrency had surged higher above $11 but has since retraced to where it’s currently trading.