The relaunch did not receive a positive response from the market.
Earlier this month, the debacle of LUNA and UST increased panic among crypto investors.
Plunge
With an ambition to recover the losses that occurred after the LUNA fiasco, the team behind Terra launched LUNA 2.0. However, the crypto asset took a major hit immediately after the launch.
Over the weekend, the value of LUNA 2.0 dropped by almost 75%. Despite a marginal recovery, the digital currency is trading near $6, compared to an opening price of more than $18. LUNA’s relaunch was an important part of the company’s revival plan.
coinmarketcap.com
Do Kwon, the Co-Founder and CEO of Terraform Labs, revealed details about LUNA 2.0 in a series of tweets on Saturday. “Pheonix-1 mainnet is now live and producing blocks - public node services, wallets and explorers should be going live shortly. To view your LUNA, (or LUNA 2.0) as some exchanges call them, token balances, you only need to log into the station and refresh the page. For new users, create a station wallet with the same ledger, and the station should walk you through the remaining steps,” Kwon said.
LUNA 2.0 Listing
After the launch, several digital exchanges around the world announced the listing of LUNA 2.0. On Saturday, Binance announced that the platform will list LUNA 2.0 in its Innovation Zone. The Innovation Zone of Binance is the company’s dedicated trading zone where users are able to trade new tokens that may have increased volatility and pose a higher risk than other tokens.
"Binance will list Terra 2.0 (LUNA) in the Innovation Zone and will open trading for LUNA/USDT and LUNA/BUSD trading pairs at 2022-05-31 06:00 (UTC),” the exchange mentioned in an official announcement.
Recently, Gate.io announced the completion of the LUNA 2.0 airdrop to LUNC and USTC holders. “Gate.io has now distributed LUNA2.0 (LUNA) airdrop tokens to all eligible users based on their balances at the pre-attack snapshot (taken on May 7, 15:00 UTC) and the post-attack snapshot ( taken on May 26, 16:30 UTC) respectively,” Gate.io noted.
With an ambition to recover the losses that occurred after the LUNA fiasco, the team behind Terra launched LUNA 2.0. However, the crypto asset took a major hit immediately after the launch.
Over the weekend, the value of LUNA 2.0 dropped by almost 75%. Despite a marginal recovery, the digital currency is trading near $6, compared to an opening price of more than $18. LUNA’s relaunch was an important part of the company’s revival plan.
coinmarketcap.com
Do Kwon, the Co-Founder and CEO of Terraform Labs, revealed details about LUNA 2.0 in a series of tweets on Saturday. “Pheonix-1 mainnet is now live and producing blocks - public node services, wallets and explorers should be going live shortly. To view your LUNA, (or LUNA 2.0) as some exchanges call them, token balances, you only need to log into the station and refresh the page. For new users, create a station wallet with the same ledger, and the station should walk you through the remaining steps,” Kwon said.
LUNA 2.0 Listing
After the launch, several digital exchanges around the world announced the listing of LUNA 2.0. On Saturday, Binance announced that the platform will list LUNA 2.0 in its Innovation Zone. The Innovation Zone of Binance is the company’s dedicated trading zone where users are able to trade new tokens that may have increased volatility and pose a higher risk than other tokens.
"Binance will list Terra 2.0 (LUNA) in the Innovation Zone and will open trading for LUNA/USDT and LUNA/BUSD trading pairs at 2022-05-31 06:00 (UTC),” the exchange mentioned in an official announcement.
Recently, Gate.io announced the completion of the LUNA 2.0 airdrop to LUNC and USTC holders. “Gate.io has now distributed LUNA2.0 (LUNA) airdrop tokens to all eligible users based on their balances at the pre-attack snapshot (taken on May 7, 15:00 UTC) and the post-attack snapshot ( taken on May 26, 16:30 UTC) respectively,” Gate.io noted.
Bilal Jafar holds an MBA in Finance. In a professional career of more than 8 years, Jafar covered the evolution of FX, Cryptocurrencies, and Fintech. He started his career as a financial markets analyst and worked in different positions in the global media sector. Jafar writes about diverse topics within FX, Crypto, and the financial technology market.
Crypto Built More Rails, but the Next Battle Is Over How Much Work a Dollar Can Do
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
