Binance Completes Airdrop To Terra Classic (LUNC) And USTC Holders, Price Jumps

The world’s largest crypto exchange Binance completes the second spherical of Terra (LUNA) airdrop distribution to Terra Classic (LUNC) and TerraClassicUSD (USTC) holders on Thursday. The airdrop is said to the separation of the Terra Classic community beneath the “Terra Ecosystem Revival Plan 2” by Do Kwon, with the primary airdrop already accomplished in May.

Binance Airdrops Terra (LUNA) Tokens To Terra Classic (LUNC) and USTC Holders

In an official announcement on December 22, Binance has accomplished the second spherical of Terra (LUNA) airdrop distribution to eligible customers who held Terra Classic (LUNC) and TerraClassicUSD (USTC) as per the snapshot. The snapshot timings are May 7 at 14:59:37 UTC (pre-attack) and May 26, 2022 (post-attack).

Binance will distribute the remaining Terra (LUNA) airdrop distributions from December 2022 or June 2023, as per the distribution plan. This will take 24 to 48 months for the total distribution of Terra (LUNA) tokens.

Users can verify the receipt of airdrop LUNC tokens on the Distribution web page of their spot wallets. Also, customers are requested to unselect “Hide 0 balances” to view LUNA tokens in spot wallets.

Moreover, Binance won’t announce the completion of subsequent Terra (LUNA) airdrops after this announcement. Also, the airdrop will not be legitimate for U.S. individuals, entities, and sanctioned international locations.

The crypto alternate accomplished the primary airdrop in May, which was 30% of the whole airdrop distribution. The remaining 70% shall be distributed over 24 months.

Also Read: Terra Classic Validator ClassyCrypto Burns 13 Million LUNC

LUNC Price Jumps After Airdrop

The Terra Classic value jumped over 5% within the final 24 hours because of the airdrop. The Terra Classic (LUNC) and USTC seemingly be promoting Terra (LUNA) tokens to pump LUNC and USTC costs.

The LUNC value is buying and selling at $0.0001339. The 24-hour high and low are $0.0001269 and $0.0001405, respectively. The USTC value trades at $0.0206, up practically 4% within the final 24 hours.

Meanwhile, the Terra (LUNA) value is buying and selling at $1.25, down practically 1% after recording a pump and dump within the final 24 hours.

Also Read: Is The Bottom Already In For Terra Classic Coin?

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