Following the decision of the Terra blockchain validators to resume block production, close IBC channels and disable on-chain swaps.

Binance resumed spot trading for the following pairs LUNA/BUSD and UST/BUSD at 14:00 (UTC) on 2022-05-13. Withdrawals for UST and LUNA also opened at the same time.

Currently, LUNA has soared over 1,800% to the amazement of many. The current circulating supply for LUNA is 6.5T which is 95% of the total supply for the token.

Endeavour to research the fundamentals of LUNA and UST before trading. Investors should also allow the market to stabilize before jumping in.

Featured image source: FX Empire.