{"id":454923,"date":"2022-05-30T08:06:25","date_gmt":"2022-05-30T05:06:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/investors-dumping-on-terra-as-luna-2-tanks-70-in-two-days\/"},"modified":"2022-05-30T08:06:25","modified_gmt":"2022-05-30T05:06:25","slug":"investors-dumping-on-terra-as-luna-2-tanks-70-in-two-days","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/investors-dumping-on-terra-as-luna-2-tanks-70-in-two-days\/","title":{"rendered":"# Investors dumping on Terra as LUNA 2 tanks 70% in two days"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2583af20c6e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2583af20c6e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/investors-dumping-on-terra-as-luna-2-tanks-70-in-two-days\/#%E2%80%9D_Investors_dumping_on_Terra_as_LUNA_2_tanks_70_in_two_days_%E2%80%9C\" >&#8221; Investors dumping on Terra as LUNA 2 tanks 70% in two days  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Investors_dumping_on_Terra_as_LUNA_2_tanks_70_in_two_days_%E2%80%9C\"><\/span>&#8221; Investors dumping on Terra as LUNA 2 tanks 70% in two days  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28.<\/p>\n<p>Under\u00a0the revival plan  of Terraform Labs founder Do Kwon, new LUNA tokens, also referred to as  LUNA 2, are being airdropped to investors that previously held Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The only reason to buy <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNA<\/a> 2.0 is to qualify for the next airdrop of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNA<\/a> 3.0 after it goes to zero like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNA<\/a> 1.0<\/p>\n<p>\u2014 Luke Martin (@VentureCoinist) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VentureCoinist\/status\/1530858799438999553?ref_src=twsrc%5Etfw\">May 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to data from CoinGecko, LUNA has dropped roughly 69% since its opening of $18.87 on Saturday to sit at around $5.71 at the time of writing.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/febaff94-8c33-4cc9-ada7-c7d51c705112.png\"><figcaption style=\"text-align: center;\"><em>LUNA\/USD chart: CoinGecko<\/em><\/figcaption><\/figure>\n<p>At this stage, the sharp plummet seems to suggest a relative lack of faith in Do Kwon\u2019s revamp moving forward, with many investors indicating on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> that they are instead looking to recover a small portion of their previously lost capital and wipe their hands clean of the project. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Sold my available LUNA 2.0 airdrop \u2192 ETH @ $1,790. <\/p>\n<p>I don\u2019t see any fundamental here &amp; I see whatever I get as bonus since I already wrote everything off as a loss &amp; $0. <\/p>\n<p>If not that the others are vesting, I\u2019ll sell \u2018em all.<\/p>\n<p>\u2014  (@0xWolff) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xWolff\/status\/1530541620940120064?ref_src=twsrc%5Etfw\">May 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Binance is set to begin a multi-year <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1530572426152759297\">distribution<\/a> of LUNA to eligible users 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. <\/p>\n<p>Some people in the community who have outlined plans to eventually purchase LUNA once the carnage is over such as \u201clurkaroundfind\u201d have predicted further bloodshed once the Binance drop goes live. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin price stuck below $29K as Terra comes back from the dead<\/em><\/strong><\/p>\n<p>They pointed out that Binance has \u201c15.7MM liquid LUNA, which will be available to users on Tuesday,\u201d 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. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">5\/8 Binance offered an Anchor UST staking service. https:\/\/t.co\/TuacL1JXSK<\/p>\n<p>Many users had UST on Anchor via Binance at pre-attack snapshot. Many of these users never owned old LUNA and don&#8217;t care about new LUNA.<\/p>\n<p>Yeah, they&#8217;re gonna dump.<\/p>\n<p>\u2014 Terra Watcher (@lurkaroundfind) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lurkaroundfind\/status\/1530881394087546881?ref_src=twsrc%5Etfw\">May 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Popular influencers in the space such as Lark Davis have also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/1530839517858439168\">noted<\/a> such, telling his 988,000 Twitter follows yesterday that: <\/p>\n<blockquote><p>\u201cZero plans to buy $luna 2.0, but I will dump any airdrop if I get something on Binance.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/investors-dumping-on-terra-as-luna-2-tanks-70-in-two-days\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Investors dumping on Terra as LUNA 2 tanks 70% in two days &#8220; The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28. Under\u00a0the revival plan of Terraform Labs founder Do Kwon, new LUNA tokens, also referred to as LUNA 2, are&#8230;<\/p>\n","protected":false},"author":1,"featured_media":454924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvM2IyODRmY2MtYzA1Ni00NWRjLTgyMjAtZWI3MzRlMDg0ZWY0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[84148,75014,74894,122378],"class_list":["post-454923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-airdrop","tag-binance","tag-blockchain","tag-terra"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/454923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=454923"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/454923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/454924"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=454923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=454923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=454923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}