{"id":18441,"date":"2022-05-31T10:32:13","date_gmt":"2022-05-31T10:32:13","guid":{"rendered":"http:\/\/egrowonline.com\/?p=18441"},"modified":"2022-05-31T10:32:13","modified_gmt":"2022-05-31T10:32:13","slug":"luna-2-price-jumps-90-ahead-of-big-binance-airdrop","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=18441","title":{"rendered":"LUNA 2 price jumps 90% ahead of big Binance airdrop"},"content":{"rendered":"


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The price of Terra (LUNA) briefly spiked around 90% overnight to an intraday high of $11.33 ahead of Binance\u2019s airdrop but has since dropped back to around $8.26 at the time of writing. <\/p>\n

At current prices, as per CoinGecko data, the increase to $8.26 represents a 35% gain over the past 24 hours. Overall, however, the price has tanked 56% since launching on the weekend at an opening price of $18.87. <\/p>\n

Members of the community posted screenshots of the price jumping as high as $12 on the MEXC Global exchange, with Twitter user bull_bnb highlighting some surging moments as they noted that the price jumped by around $2.00 in the space of 30 minutes. <\/p>\n

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In 30 minutes you apes pumped it 2 more dollars am loving it I love you do Con. @crypto_bitlord7<\/a> you should’ve nought with me bro this new $luna<\/a> on fire https:\/\/t.co\/Y9n6HT2mY6<\/a> pic.twitter.com\/s2TJRYrl4J<\/a><\/p>\n

\u2014 Bull of Binance Street (@bull_bnb) May 30, 2022<\/a><\/p><\/blockquote>\n

Binance is one of several exchanges aiding the relaunch of the Terra ecosystem<\/a>\u00a0and is set to launch a multi-year airdrop campaign to eligible users from Tuesdat at 6:00 am UTC, along with opening the token up for trading. <\/p>\n

While the project aims to re-establish itself under Do Kwon\u2019s revival plan<\/a>, onlookers in the short term have predicted the price will tumble further<\/a> once the Binance drop goes live.<\/p>\n

Related: <\/strong><\/em>Luna Classic (LUNC) pricing error leads to Mirror Protocol exploit<\/em><\/strong><\/a><\/p>\n

Numerous investors have taken to Twitter to vent their anger over other lackluster airdrops from Terra so far, with Twitter user cryptocevo tweeting on Monday that:<\/p>\n

\u201cLost 50k on $LUNA and got an airdrop of $112 Prefer the complete rug. That small airdrop is like extra needle salt in the wound.\u201d<\/p><\/blockquote>\n

Earlier today, the verified terra_money Twitter account acknowledged there have been issues with the airdropping so far and vowed to find a solution shortly. <\/p>\n

\u201cWe are aware that some have received less $LUNA from the airdrop than expected & are actively working on a solution. More information will be provided when we have gathered all of the data, so stay tuned,\u201d the tweet read. <\/p>\n

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Attention $LUNA<\/a> airdrop recipients <\/p>\n

We are aware that some have received less $LUNA<\/a> from the airdrop than expected & are actively working on a solution.<\/p>\n

More information will be provided when we have gathered all of the data, so stay tuned.<\/p>\n

\u2014 Terra Powered by LUNA (@terra_money) May 30, 2022<\/a><\/p><\/blockquote>\n<\/div>\n


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The price of Terra (LUNA) briefly spiked around 90% overnight to an intraday high of $11.33 ahead of Binance\u2019s airdrop but has since dropped back to around $8.26 at the time of writing. At current prices, as per CoinGecko data, the increase to $8.26 represents a 35% gain over the past 24 hours. Overall, however, […]<\/p>\n","protected":false},"author":1,"featured_media":18442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[1386,5438,70,267,3622,357,195],"class_list":["post-18441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-ahead","tag-airdrop","tag-big","tag-binance","tag-jumps","tag-luna","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMDViOGFlZjgtOGIxZi00OTRkLThmY2UtNWMyZTU3NWJlMjU3LmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18441"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18441\/revisions"}],"predecessor-version":[{"id":18443,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/18441\/revisions\/18443"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/18442"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18441"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}