Last week’s LUNA airdrop was quite successful. Now, the world’s largest crypto exchange, Binance announced that LUNA 2.0 will be listed on its platform.
However, Binance’s “innovation zone”, a high-risk token trading platform, will list the token. The tokens will be available for trading on 31st May.
LUNA 2.0 lost 80% in the first few hours of trading on Saturday. For some time now, the coin has reached a level of stability and is now trading around $5.
On the previous Terra network, now known as Terra Classic, approximately 1 billion fresh Luna coins were circulated to holders. The airdrop was backed by Binance and most other exchanges.
LUNA 2.0 Lists in Binance
Binance announced its listing, saying that the Innovation Zone has assets that are significantly riskier than other cryptos. Elron Network (ERD), KAVA, and Sandbox are among other tokens that will be listed on the site (SAND).
In order to trade in the Innovation Zone, Binance requires traders to complete a questionnaire.
It looks like other exchanges are not taking the same precautions as Binance. Major exchanges including OKX, Huobi, Kucoin and Bybit have said they have authorized regular spot trading for cryptocurrencies after gaining sufficient liquidity.
Binance’s opinion could be influenced by CEO Changpeng Zhao’s severe criticism of the Terra crash as well as the stance of its founder Do Kwon.
LUNC and UST prices rise after airdrop
The new Luna launches a month after the Terra Classic lost its price in the recent price crash. UST debugging was a major contributor to the accident.
Terra 2.0 does not include the private wallets of Dou Kwon, TerraForm Labs and Luna Foundation Guard, as well as stablecoins. They are the ones who are responsible for the accident. However, Luna Classic (LUNC) and UST price increased after the airdrop.