Terra Luna 2.0 Rallies Over 100% In 24 Hours, Here's Why

CoingapeОпубликовано 2022-05-31Обновлено 2022-05-31

Введение

Terra’s LUNA 2.0 token rallied sharply in the past 24 hours after the blockchain said it will rectify certain shortfalls in its recent airdrop.

Terra’s LUNA 2.0 token rallied sharply in the past 24 hours after the blockchain said it will rectify certain shortfalls in its recent airdrop.
LUNA surged as much as 100% to reach an intraday high of $11.97, from a low of $5.86. The token is now trading at $8.57- up 40% in the past 24 hours, according to data from Coinmarketcap.com.
The token’s rally was triggered just after Terra said on its official Twitter handle that it is actively working towards ensuring its recent airdrop is correctly distributed.
The move is in response to several holders complaining that they received less LUNA from the airdrop than they were due.
Additionally, Binance is set to launch trading in LUNA later in the day, while also releasing the airdrop for its users.
Russia To Regulate Crypto Mining Despite Surge In Electricity Consumption
Altcoin News
Terra collecting data for airdrop fix
The blockchain said it is now collecting data to rectify its airdrop, which occurred on May 28. The airdrop coincided with the launch of Terra 2.0.
Terra took two snapshots for the airdrop- one of holders from before its crash, and one of after. Holders from before the crash received a bigger share of LUNA, with initial liquidity distributed evenly to ensure price stability. Pre-crash holders received about 35% of total tokens.
More tokens will also be unlocked for holders over the next two years.
Binance, other major exchanges support LUNA 2.0
Binance, along with most other major exchanges have vowed to support the new token. The world’s largest crypto exchange will enable trading in LUNA later in the day.
Binance is also set to release the airdrop to its users- a move that could flood the market with more tokens and hit LUNA prices.
The exchange is for now treating LUNA as a high-risk, high-volatility asset.
LUNA has logged wide price swings since its launch last week. The token slumped over 60% in its first few hours of trade.
Even with its large bounce since yesterday, the token is still trading well below a lifetime high of about $19.53.

Похожее

Can You Make a Steady Profit by Blindly Following Polymarket's Pre-Game Win Probability to Bet on NBA Games?

The article investigates whether blindly betting on NBA teams with higher pre-game win probabilities on Polymarket guarantees profits. Backtesting data from the 2025-26 regular season (1,096 games) shows that a strategy of consistently betting $100 on the team with the higher pre-game probability resulted in a net loss of $2,054 (ROI: -1.87%), indicating that the market is efficient and prices are accurately set. Further analysis reveals that returns varied significantly by team. Certain teams, such as the Trail Blazers (POR, 19% ROI), 76ers (PHI, 14%), Spurs (SAS, 12%), Lakers (LAL, 11%), and Hornets (CHA, 9%), consistently outperformed market expectations when favored. In contrast, top-performing teams like the Celtics, Knicks, and Nugks had ROIs close to zero or negative, showing their probabilities were efficiently priced. The weakest teams showed extreme ROI variations but had insufficient sample sizes for reliable conclusions. The key takeaway is that blindly following pre-game probabilities is not a profitable strategy overall, but targeting specific teams may yield better results.

marsbit6 мин. назад

Can You Make a Steady Profit by Blindly Following Polymarket's Pre-Game Win Probability to Bet on NBA Games?

marsbit6 мин. назад

Can You Make a Steady Profit by Blindly Following Polymarket's Pre-Game Win Probability to Bet on NBA Games?

**Can You Consistently Profit by Blindly Following Pre-Game Win Probabilities on Polymarket for NBA Games?** A backtest of the entire NBA 2025-26 regular season (1,096 games) was conducted to test the strategy of always betting $100 on the team with the higher pre-game win probability on Polymarket. The results show that this strategy is not profitable. The total amount wagered was $109,600, with a return of $107,545.20, resulting in a net loss of $2,054 and a Return on Investment (ROI) of -1.87%. This indicates that the market is highly efficient, and pre-game probabilities are accurately priced, leaving no simple arbitrage opportunity. In fact, blindly following the market would have been slightly less profitable than betting against it. However, a deeper analysis by team revealed significant differences. Certain teams consistently outperformed market expectations when they were favored to win: * Portland Trail Blazers (POR): 19% ROI * Philadelphia 76ers (PHI): 14% ROI * San Antonio Spurs (SAS): 12% ROI * Los Angeles Lakers (LAL): 11% ROI * Charlotte Hornets (CHA): 9% ROI In contrast, the market was highly efficient for the top-performing teams, offering minimal returns (e.g., Boston Celtics ROI: 4%, Denver Nuggets ROI: -5%). Results for the weakest teams were too inconsistent due to small sample sizes. The key finding is that team-specific factors, rather than the probability percentage itself, drive potential value, making a one-size-fits-all strategy ineffective.

Odaily星球日报10 мин. назад

Can You Make a Steady Profit by Blindly Following Polymarket's Pre-Game Win Probability to Bet on NBA Games?

Odaily星球日报10 мин. назад

Are Altcoins Soaring? Is the Bull Market Back?

Recent days have seen significant volatility in altcoins while Bitcoin remained relatively stable. Some low-market-cap tokens, with circulations under $20 million, surged by several hundred percent within days—without fundamental improvements, ecosystem breakthroughs, or new institutional inflows. This is not a true altseason. The Altseason Index stands at 34, and Bitcoin dominance is at 58.5%, indicating the market is still in a "Bitcoin season." The altcoin market cap has shrunk by ~40% since its peak in December 2024, falling to around $700 billion. This severe decline has made it cheaper for large holders to accumulate significant portions of circulating supply, enabling price manipulation. A case in point is SIREN, where a single entity allegedly controlled up to 88% of the circulating supply. Such concentration allows a small group to dictate price movements. Additionally, deeply negative funding rates (as low as -0.3% every 8 hours, annualized to -328%) force short sellers to pay high fees, accelerating liquidations and further fueling upward price spikes. On-chain activity, like a 97% weekly increase in BSC DEX volume, suggests excitement, but it is largely driven by existing capital, not new inflows. Institutional flows into altcoin ETFs (like those for Solana and XRP) have been weak or negative, indicating caution rather than rotation into altcoins. This rally is a signal of structural fragility, not broad bullish momentum. Until Bitcoin dominance falls significantly and new capital enters the altcoin space, these pumps are echoes of manipulation—not the return of a true bull market.

marsbit44 мин. назад

Are Altcoins Soaring? Is the Bull Market Back?

marsbit44 мин. назад

Rhythm X Zhihu Event Agenda Released: Skills Demo + Keynote Speech + Roundtable to Thoroughly Explain Agents and On-Chain Finance

The recent dispute between EvoMap and Hermes over alleged抄袭, similar to the Claude and OpenClaw case, highlights a growing trend in the Agent ecosystem. These conflicts arise from competition over user choice—specifically, which Agent users select for similar tasks—and the definition of original core competencies. Such public disagreements indicate that competition among Agents has intensified to the point where founders are losing their composure. Ultimately, users hold the decision-making power. This issue foreshadows a broader challenge: as Agents become more numerous and capable, how should individuals navigate this evolving landscape? This topic will be explored in-depth at the upcoming event.

marsbit50 мин. назад

Rhythm X Zhihu Event Agenda Released: Skills Demo + Keynote Speech + Roundtable to Thoroughly Explain Agents and On-Chain Finance

marsbit50 мин. назад

Fortune Exclusive: a16z Crypto Fund AUM Plummets 40%, Multicoin Halved, Top Crypto VCs Shrink Collectively

According to exclusive SEC filings obtained by Fortune, leading crypto venture capital firms, including a16z crypto, Multicoin Capital, Pantera Capital, and Paradigm, experienced significant declines in their assets under management (AUM) in 2025. a16z crypto's AUM dropped nearly 40% to $9.5 billion, partly due to strategic distributions to LPs at market highs, with its first fund achieving a 5.4x DPI. Multicoin’s AUM was halved to approximately $2.7 billion, impacted by market volatility and crypto price corrections. Pantera also saw AUM shrink, though this was partly attributed to successful exits, including five portfolio company IPOs. In contrast, Haun Ventures grew its AUM by over 30% to nearly $2.5 billion, driven by a successful exit in the stablecoin sector and new fundraising. Despite the downturn, several firms are raising new funds, with a16z targeting up to $2 billion and Paradigm seeking up to $1.5 billion, indicating continued long-term confidence in the crypto market's cyclical nature.

marsbit1 ч. назад

Fortune Exclusive: a16z Crypto Fund AUM Plummets 40%, Multicoin Halved, Top Crypto VCs Shrink Collectively

marsbit1 ч. назад

Торговля

Спот
Фьючерсы
活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow