• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Thursday, September 11, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

LUNA Price Pumping Today, up Over 1700%, Should You Buy The Dip?

margin707 by margin707
May 14, 2022
in News
Reading Time: 3 mins read
0
3d illustration of a colorful business line chart presented diagonally with a choppy index having soaring and plummeting periods in the blue background. The chart bars are orange, yellow and blue.
35
SHARES
Share on TwitterShare on Facebook

After bottoming out at $0.00002835 on May 13th, LUNA Price is pumping significantly today, peaking at $0.0007685, erasing a zero and increasing by over $1700% in the past 24 hours. The cryptocurrency is still down over 99.9% from its high of $116 on April 3rd, but those that bought it last night are seeing significant returns. Is this a good idea to buy the dip? Let’s take a look.

LUNA Price Pump

LUNA is breaking out once again, currently trading at $0.0003096 as traders are hoping a solution to recover Terra Luna’s price is on the horizon.

luna price 1d chart coinmarketcap
LUNA 1D // Source: CoinMarketCap

Do Kwon published a proposal on Terra Luna’s Agora forums, suggesting halting the chain again and distributing 400M LUNA and UST tokens to holders before the depegging events. In addition, 100M or LUNA and UST tokens will be distributed among holders at the final moment of the chain halt to attempt to stabilize the network.

Another reason for the recent LUNA pump is that the Terra Luna team has stopped minting new tokens, suggesting a restructuring of the LUNA protocol coming soon.

The Terra Luna blockchain validators decided to stop minting LUNA, which is the most significant factor affecting the current bullish price action for the cryptocurrency. UST no longer has to restabilize at $1 for LUNA to attempt its recovery, which provides an opportunity for the cryptocurrency to start its bull run.

Moreover, Binance resumed its deposits, withdrawals, and trading for LUNA last night, allowing traders to either consolidate their losses or attempt to buy the dip by purchasing LUNA at near-to-nothing prices.

Should You Buy The Dip?

With the current low prices, LUNA is highly tempting to purchase. In addition, the fact that node validators have stopped minting new tokens means LUNA is no longer getting diluted via UST, reducing the bearish market pressure immensely.

Buying the dip right now is nothing short of gambling. The cryptocurrency still features a market capitalization of over $2.6 billion and could easily crash 90% within hours.

At the same time, since LUNA minting has stopped, the price could continue its climb and double or even triple over the next couple of days.

It’s still early to tell whether the recovery plan proposed by Do Kwon will provide the necessary investor and trader confidence for the cryptocurrency moving forward. The volatility will continue, and if you’re not looking to gamble when investing in cryptocurrency, it might be worth waiting until next week to see how LUNA’s market reacts.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.


Also Read:

Terra Luna Officially Dead, Do Kwon Releases More Statements on Twitter

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

Image Source: klss/123RF

Tags: Terra Luna
Previous Post

Terra Luna Officially Dead, Do Kwon Releases More Statements on Twitter

Next Post

Terra Luna Price Continues to Drop, TerraUSD (UST) Hits New All-Time Low

Related Posts

Ethereum $4.3K Balancing Act: Support or Sneaky Trap?
Market Analysis

Ethereum $4.3K Balancing Act: Support or Sneaky Trap?

September 10, 2025
U.S. Pushes Forward With Strategic Bitcoin Reserve Talks
Market Analysis

U.S. Pushes Forward With Strategic Bitcoin Reserve Talks

September 10, 2025
Bitcoin’s $111K Line in the Sand Faces Serious Pressure
News

Bitcoin $111K Line in the Sand Faces Serious Pressure

September 10, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
Featured

Ethereum ETFs See $1B Outflows in Six Days

September 9, 2025
Featured

Binance Pay Expands to South Africa With Zapper Integration

September 9, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier