Terra's LUNA 2.0 Surges more than 50% after the Binance listing

The newly launched LUNA 2.0 token has surged more than 50% after the news of its being listed on the leading cryptocurrency exchange platform Binance.

LUNA 2.0 token had a weak opening trading session after Terra's new blockchain went live with an airdrop over the weekend. The coin dipped by almost 80% after surging high as $30 on some crypto exchanges.

However, the new LUNA finally launched on the world's largest cryptocurrency exchange with BUSD and USDT pairs on Tuesday, May 31 2022 which surged the token price by nearly 54% after Binance announced the completion of LUNA airdrop distribution on Twitter.

#Binance completes the Terra $LUNA Airdrop Distribution to Terra Classic $LUNC and TerraClassicUSD $USTC holders.

Users can confirm the receipt of these tokens in their spot wallets via the 'Distribution' page in the 'User Center'.

Full details ⤵️https://t.co/FNmpSuA8kl

— Binance (@binance) May 31, 2022

 However, the LUNA 2.0 Airdrop has encountered some hiccups as some users took to Twitter to express their dissatisfaction with the Terra Airdrop distribution with most complaining that they received fewer tokens than they were due.

Response by the Terra team who admitted there have been some difficulties with the airdrops so far and assured to be working on a solution

📣 Attention $LUNA airdrop recipients 📣

We are aware that some have received less $LUNA from the airdrop than expected & are actively working on a solution.

More information will be provided when we have gathered all of the data, so stay tuned.

— Terra 🌍 Powered by LUNA 🌕 (@terra_money) May 30, 2022

 

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