Key Takeaways
- In a single day, Luna in Virtuals increased 340%, from $0.05 to $0.22.
- In terms of volume traded on decentralized exchanges, Luna in Virtuals has overtaken Goatseus Maximus.
- On Raydium, more than 73% of the token’s volume is exchanged.
Luna in Virtuals (LUNA), the new meme coin on Solana, has risen 340% in just one day.
According to CoinGecko, LUNA’s price rose from $0.05 to $0.22 over the past day, but it has now fallen to $0.16 at the time of writing.
Is LUNA Taking the Same Route to Success as GOAT?
Decentralized exchanges (DEXs) launched LUNA, another meme coin based on artificial intelligence (AI) on Solana (SOL), on October 21. The popularity of Goatseus Maximus (GOAT), an early AI joke coin on Solana, has already prompted parallels within the cryptocurrency community.
We previously covered the considerable price increase for goat. The Bybit exchange introduced futures trading for the cryptocurrency on October 23; this led to a 76% gain in just one day. Luna is currently in the top five on DEX trade volumes, ranking fourth in Virtuals with $38.63 million, according to GeckoTerminal.
Notably, with a trading volume of $32.52 million, Goat is in fifth place, just behind Luna. This indicates that LUNA has just barely surpassed its competitor. With $64.44 million in trading volume, Moo Deng (MOODENG) is in first place. As we previously mentioned, MOODENG’s price jumped after it was listed on Binance with leverage of up to 75x.
Luna’s Trading Is Only Based on DEX
Only on decentralized exchanges is LUNA accessible for trading, mostly in pairs with SOL. Raydium accounts for 73.57% of LUNA’s trading volume, according to CoinGecko.
With 9.9%, Uniswap V3 (Base), which combines LUNA with Virtual Protocol (VIRTUAL), comes in second. Third place is closely followed by another Uniswap V3 (base) coupling, this time with wrapped Ethereum (WETH).
If you are interested in meme currencies, you might be interested in another popular coin that is now trending on X. Pepe Unchained is a layer-2 token with blazingly quick transactions. Along with lower gas costs, it promises to be 100 times faster than Ethereum. You can obtain intriguing cryptocurrency prospects by staking $PEPU, which had a very successful presale that raised about $11 million.
