Investors dumping on Terra as LUNA 2 tanks 70% in two days

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Investors dumping on Terra as LUNA 2 tanks 70% in two days
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With the new LUNA variant tanking more than 69% since its launch on May 28, investors are waiting to see what happens once Binance starts its multi-year airdrop plan on May 31.

starting from May 31, along with listing the token for trading via its Innovation Zone, a dedicated trading zone for volatile and high-risk assets.

Some people in the community who have outlined plans to eventually purchase LUNA once the carnage is over such as “lurkaroundfind” have predicted further bloodshed once the Binance drop goes live.They pointed out that Binance has"15.7MM liquid LUNA, which will be available to users on Tuesday” and suggested that investors who mainly used the Anchor Protocol will look to cash out as they have no real interest in the Terra ecosystem.

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