LUNA airdrop
Investors dumping on Terra as LUNA 2 tanks 70% in two days
The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28. Under the revival plan of Terraform Labs founder Do Kwon, new LUNA tokens, also referred to as LUNA 2, are being airdropped to investors that previously held Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST). The only reason to buy $LUNA 2.0 is to qualify for the next airdrop of $LUNA 3.0 after it goes to zero like $LUNA 1.0 — Luke Martin (@VentureCoinist) May 29, 2022 According to data from CoinGecko, LUNA has dropped roughly 69% since its opening of $18.87 on Saturday to sit at around $5.71 at the time of writing. LUNA/USD chart: CoinGecko At this stage, the sharp plummet seems to suggest a relative lack of faith in Do Kwon’s revamp moving for...
