The much-anticipated LUNA token from the new Terra blockchain is now available for purchase on several exchanges, with prices as high as $30 on Bybit.
However, the digital asset dropped by over 88% - from $30 to $3.5 before rebounding to finish around $6, still an 80% decrease from its previous peak.
The graphic below, courtesy of Bybit.com, shows the continuous volatility surrounding the new LUNA in more detail.
As a result of the new Terra (LUNA) digital asset's volatility, Binance has announced that it will be listed in the innovation zone. Furthermore, trading of the LUNA/USDT and LUNA/BUSD trading pairs will be postponed until May 31st at 6 a.m. UTC.
The Binance Innovation Zone is a "special trading zone where users can trade innovative tokens that may have higher volatility and risk than other tokens," according to the company.