{"id":158530,"date":"2022-05-31T07:03:41","date_gmt":"2022-05-31T07:03:41","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158530"},"modified":"2022-05-31T07:03:41","modified_gmt":"2022-05-31T07:03:41","slug":"luna-2-price-jumps-90-ahead-of-big-binance-airdrop","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/luna-2-price-jumps-90-ahead-of-big-binance-airdrop\/","title":{"rendered":"LUNA 2 price jumps 90% ahead of big Binance airdrop"},"content":{"rendered":"<p>The price of 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<p>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<p>Members of the community posted screenshots of the price jumping as high as $12 on the MEXC Global exchange, with Twitter user \u201cbull_bnb\u201d highlighting some surging moment as they noted that the price jumped by around $2 in the space of 30 minutes. <\/p>\n<p>Binance is one of several exchanges aiding the relaunch of the Terra ecosystem, and is set to launch a multi-year airdrop campaign to eligible users from May 31 at 06:00 am UTC, along with opening the token up for trading. <\/p>\n<p>While the project aims to re-establish itself under Do Kwon\u2019s revival plan, onlookers in the short term have predicted the price will tumble further once the Binance drop goes live.<\/p>\n<p><em><strong>Related: <\/strong><\/em><strong><em>Luna Classic (LUNC) pricing error leads to Mirror Protocol exploit<\/em><\/strong><\/p>\n<p>Numerous investors have taken to Twitter to vent their anger over other lackluster airdrops from Terra so far, with \u201ccryptocevo\u201d tweeting on May 30 that:<\/p>\n<blockquote><p>\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<p>Earlier today, the verified \u201cterra_money\u201d Twitter account acknowledged there have been issues with the airdropping so far and vowed to find a solution shortly. <\/p>\n<p>\u201cWe are aware that some have received less $LUNA from the airdrop than expected &amp; 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<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/luna-2-price-jumps-90-ahead-of-big-binance-airdrop\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of LUNA briefly spiked around<\/p>\n","protected":false},"author":3,"featured_media":158529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LUNA 2 price jumps 90% ahead of big Binance airdrop - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/luna-2-price-jumps-90-ahead-of-big-binance-airdrop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LUNA 2 price jumps 90% ahead of big Binance airdrop - 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