Wed. Apr 17th, 2024

Through a statement published by Binance, the news was released that On December 22, the second airdrop of Terra (LUNA) had been successfully completed for users who had Terra Classic and Terra Classic USD. This news has caused the value of Terra Classic (LUNC) to increase by 7% in just a few hours while rumors of the purchase of (LUNC) by Coinbase increase.

2nd airdrop executed successfully.

Binance managed to complete the second airdrop of Terra (LUNA) after a first phase on May 31. Now with this second round, Binance expressed, “the remaining distributions of the Terra (LUNA) airdrop will take place from December 2022 or June 2023 onwards, as appropriate, over a period of 24 or 48 months.”

Rumors of the purchase of LUNC by Coinbase.

The largest cryptocurrency exchange in the United States, coinbaseappears to be looking to purchase over $200 million worth of LUNC tokens. The asset’s rally of late has also been largely influenced by this rumor and the second successful completion of the Binance airdrop.

Some speculative reports on Coinbase claim that the American exchange has approved the purchase of LUNC worth $245 million., which is equivalent to 1.8 trillion tokens against current rates. The rumor was first reported by an anonymous crypto influencer and Terra advocate. While several advocates have dismissed the rumor, others await an official statement from Coinbase to confirm the claims.. The more than 1.8 trillion (LUNC) represent 30% of the current circulating supply of 5.9 trillion tokens, and the purchase would significantly support the asset’s price move if it ever materializes.

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By Farwa Raza

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