Trade LUNA/USD
Terra / US Dollar
LUNA is the native token of Terra, a Cosmos-based smart contract blockchain relaunched in May 2022 after the collapse of the original Terra chain, which destroyed approximately $40 billion in market value.
Specifications
About Terra (LUNA/USD)
The original Terra blockchain was launched in 2019 by Terraform Labs and its co-founder Do Kwon, building an ecosystem around algorithmic stablecoins, primarily UST (TerraUSD), which maintained its dollar peg through a mint-and-burn mechanism with LUNA. In May 2022, UST de-pegged in a bank-run scenario that caused UST and LUNA to collapse to near zero within days, erasing roughly $40 billion in market value. In the aftermath, the Terra community voted to fork the chain, creating Terra 2.0 (now simply called Terra) with a new LUNA token airdropped to pre-collapse holders. The new Terra chain retained the Cosmos SDK architecture and smart contract capabilities via CosmWasm but removed the algorithmic stablecoin model. LUNA/USD on StoicFX is a CFD, no LUNA tokens are purchased or held on your behalf.
Key Price Drivers
- Terra 2.0 ecosystem rebuilding through new protocol deployments and DeFi TVL growth
- Terraform Labs and Do Kwon legal proceedings and regulatory outcomes
- Cosmos ecosystem sentiment including ATOM trends and IBC adoption
- Retail speculative interest and periodic recovery narratives around the LUNA brand
Peak Trading Hours
Layer 1 blockchain tokens trade around the clock as CFDs on StoicFX MT5. Volume typically follows the US and European equity sessions, when most institutional and retail crypto trading takes place.
US and European business hours (13:00-21:00 UTC)
Network upgrades, governance votes, and validator-related events can move L1 token prices at any hour. Available on MT5 from Monday 00:00 to Friday 23:59 UTC.
How to Trade LUNAUSD on StoicFX
Open an Account
Register for a live or demo account in minutes.
Fund Your Account
Deposit via bank transfer, card, crypto, or e-wallet.
Find LUNAUSD in MT5
Open MetaTrader 5, search for LUNAUSD in Market Watch, and add it to your chart.
Place Your Trade
Set your lot size, stop loss, and take profit, then execute your order.
FAQ
What caused the original Terra/LUNA collapse in May 2022?
The original Terra ecosystem relied on an algorithmic mechanism where UST's dollar peg was maintained by allowing holders to burn $1 of LUNA to mint 1 UST, or burn 1 UST to receive $1 of LUNA. In May 2022, a large UST withdrawal from the Anchor Protocol yield product triggered a de-peg event. As UST fell below $1, holders rushed to redeem UST for LUNA, dramatically expanding LUNA's supply. This hyperinflation destroyed LUNA's value, which in turn made the UST-LUNA redemption mechanism worthless, accelerating UST's collapse in a reflexive death spiral.
What is the difference between LUNA and LUNC?
LUNC (Terra Classic) is the original LUNA token from the pre-collapse Terra chain, now governed by a community that continues to maintain the original chain. LUNA is the token of the new Terra 2.0 chain launched after the fork. They are separate chains and separate tokens. LUNC trades at a tiny fraction of its former value, while the new LUNA is an attempt to restart the ecosystem without the algorithmic stablecoin architecture.
What legal actions are associated with Terra and Do Kwon?
The US Securities and Exchange Commission charged Do Kwon and Terraform Labs in February 2023, alleging that LUNA, UST, and other Terra assets were securities sold without registration. Do Kwon was arrested in Montenegro in March 2023 while traveling on allegedly forged documents. South Korean authorities also issued arrest warrants. In 2024, a US jury found Do Kwon and Terraform Labs liable for fraud. These legal proceedings are an ongoing source of uncertainty for the LUNA token and the broader Terra ecosystem.
If I trade LUNA/USD on StoicFX, do I hold any LUNA tokens?
No. LUNA/USD on StoicFX is a Contract for Difference. You trade LUNA's price against the US dollar without holding any tokens. To transact on the Terra blockchain, participate in governance, or use Terra-based dApps you would need actual LUNA tokens in a Terra-compatible wallet.
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CFDs are complex instruments and carry a high risk of rapid capital loss due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.