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Investors Dumping LUNA 2 Airdrops as LUNA 2 Tanks 70% in Two Days

Lark Davis stated, "Zero plans will buy luna 2.0. But I will dump any Airdrop if it gets something on Binance."...
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Lark Davis stated, “Zero plans will buy luna 2.0. But I will dump any Airdrop if it gets something on Binance.”

Since May 28, when Terra 2.0 launched the Terra ecosystem, the price of Terra ( LUNA has dropped by around 70%.

New LUNA tokens are being distributed to investors who previously owned TerraUSD Classic (USTC), Luna Classic (LUNC) or Anchor Protocol UST (aUST) under the revival program by Do Kwon founder of Terraform Labs.

CoinGecko data shows that LUNA has fallen 69% from its opening price of $18.87 on Saturday, to $5.71 at the time this article was written.

The sharp drop seems to indicate a relative lack faith in Do Kwon’s revamp moving ahead. Many investors have indicated on Twitter that they are looking to recover some of their capital and get rid of the project.

Binance will begin a multiyear distribution LUNA to qualified users beginning May 31. The token will also be listed for trading via the Innovation Zone, which is a designated trading zone for volatile or high-risk assets.

Some members of the community have indicated plans to purchase LUNA after the carnage has ended. For example, “lurkaroundfind” has predicted more bloodshed when the Binance drop goes live.

They noted that Binance has 15.7MM liquid LUNA and will be available for users on Tuesday.” They suggested that investors who have used the Anchor Protocol primarily will consider cashing out, as they don’t really want to invest in the Terra ecosystem.

Lark Davis, a prominent influencer in the space, has also noted such. He told his 988,000 Twitter followers yesterday that:

“Zero plans will buy $luna 2.0. But I will dump any Airdrop if Binance offers something.”

Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".
Vitalik Ivanov

Vitalik Ivanov

Vitalik is a speaker / journalist. He has spoken and given presentations at many blockchain events across the world. Vitalik is based in the UK, he loves to travel and calls Dubai his "crypto home". Vitalik has enjoyed speaking at blockchain events and has a main focus on CBDC's, NFT's and altcoins. Vitalik says "Everything, and i mean everything will be an NFT one day".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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