After the UST depegging earlier this month, which caused LUNA to drop over 99% in price, the community behind the token passed a revival plan proposal that will fork the old chain, creating a new token and blockchain without the stablecoin. The new chain is scheduled to launch tomorrow, May 27th, and the old chain will be called Terra Classic. CoinMarketCap updated the original LUNA token’s name to be called Terra Classic and added the upcoming LUNA coin to its list of cryptocurrencies in anticipation of the fork. CoinMarketCap Adds Terra Classic and Terra 2.0 Since the proposal to fork
The post CoinMarketCap Updates LUNA to Terra Classic in Anticipation of New Chain appeared first on The Merkle News.
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