LUNA 2 cost jumps 90% in front of big Binance airdrop

The cost of Terra (LUNA) briefly spiked around 90% overnight for an intraday a lot of $11.33 in front of Binance’s airdrop but has since dropped to around $8.26 during the time of writing.

At current prices, according to CoinGecko data, the rise to $8.26 represents a 35% gain in the last 24 hrs. Overall, however, the cost has tanked 56% since launching around the weekend in an opening cost of $18.87.

People from the community published screenshots from the cost jumping up to $12 around the MEXC Global exchange, with Twitter user bull_bnb highlighting some surging moments because they noted the cost leaped by around $2.00 in just half an hour.

Binance is among several exchanges aiding the relaunch from the Terra ecosystem and is placed to produce a multi-year airdrop campaign to qualified users from Tuesdat at 6:00 am UTC, together with opening the token up for buying and selling.

As the project aims to re-establish itself under Do Kwon’s revival plan, onlookers for the short term have predicted the cost will tumble further when the Binance drop goes live.

Related: Luna Classic (LUNC) prices error results in Mirror Protocol exploit

Numerous investors took to Twitter to vent their anger over other lackluster airdrops from Terra to date, with Twitter user cryptocevo tweeting on Monday that:

“Lost 50k on $LUNA and also got an airdrop of $112 Like the complete rug. That small airdrop is much like extra needle salt within the wound.”

Earlier today, the verified terra_money Twitter account acknowledged there has been difficulties with the airdropping to date and vowed to locate a solution shortly.

“We know that some have obtained less $LUNA in the airdrop than expected &amp are positively focusing on an answer. More details is going to be provided whenever we have collected all the data, so stay tuned in,” the tweet read.

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