The Terra ecosystem was relaunched via Terra 2.0 on May 28. Now, the original Terra is called Terra LUNA Classic. The price of the new LUNA token, or Luna 2.0 has seen great volatility. Since the release, the token fell by around 70%.
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LUNA 2 tokens were airdropped to those who had Luna Classic, TerraUSD Classic, and Anchor Protocol UST. Data from CoinGecko show that the LUNA price has dropped by over 67% in two days, falling from $18.87 to $4. Currently, the coin trades at around $6.
Binance listed Luna 2 in its Innovation Zone. The exchange will start a distribution of LUNA to eligible users from May 31. The process is mapped for several years. Binance also revealed suspending old LUNA and UST withdrawals on May 26, 2022.