On May 31, Lark Davis, a cryptocurrency investor and analyst, announced on Twitter that he had sold LUNA tokens he received from Binance as an airdrop. Investors may begin to conclude that LUNA 2.0 is not worth their time.
Lark Davis tweeted:
The distribution of airdrop coins was incorrect, according to members of the crypto community. The Terra team has identified a problem with the distribution of airdrops. They say the solution lies in the work. The crypto community, on the other hand, does not seem to be enthusiastic about the airdrop.
Will Terra be faithful again?
Many interviews have expressed support for the Terra group’s actions. Binance, for example, has completed the first distribution of a LunA 2.0 airdrop. Binance donated 30% of LUNA 2.0 in the first phase.
Binance said the second round of airdrop will begin in December 2022. The remaining 70% airdrop will take 24 months for the exchange to spread. After rising from the depths of darkness, the Terraform Labs team is trying its best to bring LUNA back to life. The financial crisis caused a few people to lose all their savings.
The Terra team opted to offer the updated Luna token to people affected by the launch of LUNA 2.0 on May 27. The selection was made after the original LUNA (now known as LUNA Classic) crashed and went to 0 value. LUNA has trouble coping with the whole incident and its consequences. LUNA will be able to retrieve the article if the resurrection plan is successful, but people will have to wait to find out.
Read more: Terra (LUNA) price has increased by 90% ahead of Binance airdrop
