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• Luna 2.0 was trading at $8.18 according to data from CoinMarketCap
The price of Terra's LUNA 2.0 soared 39.41% on Tuesday after the token was listed on cryptocurrency exchange Binance, overcoming the psychological $10 resistance level.
The price continued to rise despite the legal investigation launched against Terraform Labs and CEO Do Kwon in South Korea.
Luna 2.0 was trading at $8.18, with a self-reported circulating supply of 210 million, giving it a market capitalization of $1.8 billion, according to data from CoinMarketCap.
The old luna token, which is now trading at $0.0002, has been re-branded luna classic (LUNC). The new token was part of a revival plan for Terra.
On May 9, the price of the stablecoin terraUSD (UST) fell to 35 cents even as it is supposed to maintain a $1 peg. Its companion token, LUNA, which was meant to stabilize UST's price, fell from $80 to a few cents by May 12.
She also wrote that thoughtful regulation is necessary given the recent collapse of terraUSD (UST) and luna (LUNA).“We recognize there are risks of not acting, just as there are risks of acting,” she said.
Source - CoinMarketCap
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