{"id":28261,"date":"2022-05-28T10:44:08","date_gmt":"2022-05-28T14:44:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=28261"},"modified":"2024-07-28T07:38:18","modified_gmt":"2024-07-28T11:38:18","slug":"terra-luna-2-0-price-falls-by-over-60-after-going-live","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/terra-luna-2-0-price-falls-by-over-60-after-going-live\/","title":{"rendered":"Terra (LUNA) 2.0 Price Falls By Over 60% After Going Live"},"content":{"rendered":"\n<p>Just a few hours after the launch of the much anticipated <a href=\"https:\/\/coinscreed.com\/staging\/terra-activates-terra-2-0-phoenix-1-mainnet.html\">Terra (LUNA) 2.0<\/a> the new rebranded Terra prices saw a massive drop by over 60%<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"802\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Terra-LUNA-2.0-Price-Falls-By-Over-60-After-Going-Live.webp\" alt=\"Terra (LUNA) 2.0 Price Falls By Over 60% After Going Live \" class=\"wp-image-28271\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Terra-LUNA-2.0-Price-Falls-By-Over-60-After-Going-Live.webp 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Terra-LUNA-2.0-Price-Falls-By-Over-60-After-Going-Live-300x235.webp 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Terra-LUNA-2.0-Price-Falls-By-Over-60-After-Going-Live-768x602.webp 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Terra-LUNA-2.0-Price-Falls-By-Over-60-After-Going-Live-150x117.webp 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Terra-LUNA-2.0-Price-Falls-By-Over-60-After-Going-Live-750x587.webp 750w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Terra (LUNA) 2.0 Price Falls By Over 60% After Going Live <\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-terra-luna-2-0-sees-red-after-launch\" >Terra (LUNA) 2.0 Sees Red After Launch<\/a><\/li><li><a href=\"#h-1-billion-new-tokens-to-be-issued-among-holders\" >1 Billion New Tokens To Be Issued Among Holders<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<p>In order to resurrect Terra, DO Kwon, the founder, and the community devised a few ideas. The majority voted in favor of creating a new chain called Terra (LUNA) and renaming the previous one Tera Classic (LUNC). <\/p>\n\n\n\n<p>The strategy also includes the distribution of fresh tokens to certain types of holders.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-terra-luna-2-0-sees-red-after-launch\">Terra (LUNA) 2.0 Sees Red After Launch<\/h2>\n\n\n\n<p>Block 1 of the new Terra blockchain was created earlier today, according to <a href=\"https:\/\/twitter.com\/terra_money\/status\/1530432065585528834?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noreferrer noopener\">Terra<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>. Meanwhile, just hours after the new token's introduction, its value has plummeted by 60 percent. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">1\/ Block 1 of the brand new Terra blockchain (with a chain_id of \u201cPhoenix-1\u201d) has officially been produced at 06:00 AM UTC on May 28th, 2022! <br><br>Congratulations to the <a href=\"https:\/\/twitter.com\/hashtag\/LUNAtic?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#LUNAtic<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> community on this expeditious feat of collaboration \ud83c\udf89<\/p>&mdash; Terra \ud83c\udf0d Powered by LUNA \ud83c\udf15 (@terra_money) <a href=\"https:\/\/twitter.com\/terra_money\/status\/1530432065585528834?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 28, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<p>According to the data, <a href=\"https:\/\/coinscreed.com\/staging\/terra-luna-team-says-no-dapps-launched-on-terra-2-0.html\">Terra (LUNA) 2.0<\/a> opened between $17 and $18. The price suddenly skyrocketed, approaching the $20 level. Terra's pricing had been reduced to $6.30 at the time of publication. <\/p>\n\n\n\n<p>The company's trading volume has increased by 2408 percent to $97.5 million. Its completely diluted market cap, according to Coinmarketcap, is roughly $5.95 billion. In the meantime, the Terra Classic price has nearly fallen to $0.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-billion-new-tokens-to-be-issued-among-holders\">1 Billion New Tokens To Be Issued Among Holders<\/h2>\n\n\n\n<p>Terra already informed us that customers who are eligible for the <a href=\"https:\/\/coinscreed.com\/staging\/terra-goes-live-with-new-blockchain-luna-airdrop.html\">LUNA airdrop<\/a> can check their wallets on the new Chain. In their browser extension, they must pick the Phoenix-1 network. <\/p>\n\n\n\n<p>It further stated that the Airdrop's supply is restricted to 1 billion people. Pre-attack LUNA holders will receive 35 percent of the total, with 30 percent going to the community pool. <\/p>\n\n\n\n<p>Pre-attack aUST holders will receive 10%, while post-attack LUNA holders will receive 10%. UST holders will receive 15% of the airdrop after the attachment.<\/p>\n\n\n\n<p>Users can put their liquid LUNA in a variety of products, according to Terra. It can be staked on the Terra station in exchange for incentives and a say in governance choices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just a few hours after the launch of the much anticipated Terra (LUNA) 2.0 the new rebranded Terra prices saw a massive drop by over 60% In order to resurrect Terra, DO Kwon, the founder, and the community devised a few ideas. The majority voted in favor of creating a new chain called Terra (LUNA) [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":28271,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[9981,8168],"class_list":["post-28261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-terra-luna-2-0","tag-terraluna"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Terra-LUNA-2.0-Price-Falls-By-Over-60-After-Going-Live.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=28261"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/28261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/28271"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=28261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=28261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=28261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}