On May 31, the price of Terra 2.0, which is the latest form of Terra (LUNA), surged 90% with a high of $11.38 ahead of Binance’s airdrop. But the rise was not continuous as after a few hours of trading session the price fell back to approximately $9.11 at the time of writing.
According to CoinGecko charts data, the rise to $8.26 indicates a 35% gain in the last 24 hours. Overall, the price has dropped 56% from its launch.
On Twitter, multiple traders posted screenshots of Terra 2.0 in which it showed the price skyrocketing as high as $12 on the MEXC Global exchange.
Binance is one of several exchanges helping with the relaunch of the Terra ecosystem, and it is set to conduct a multi-year airdrop campaign to qualified users beginning Tuesday. The project Terra 2.0 intends to re-establish itself under Do Kwon’s revival plan. Many expect that the price will fall much more after the Binance drop goes live.
Earlier today, the verified terra_money Twitter account admitted that there had been challenges with airdropping so far and promised that a solution will be found soon.
“We are aware that some people received less $LUNA than planned from the airdrop and are actively working on a solution.” “We will offer more details after we have acquired all of the data, so stay tuned,” the tweet stated.
, surged 90% with a high of $11.38 ahead of Binance's airdrop.){kind=link}