The crash of Terra Luna (now “LUNC”) has horrified the crypto industry masses. D-Peg has been a landmark in the event business. And had brought innumerable opinions on what should and should not be done. After all the efforts, the makers have finally released Terra 2.0 and Luna Token.
However, not everything is bright and sunny, as a large section of industry supporters are concerned about the move. Due to which a large group of investors can be separated from their hard earned money. Sequentially, a hero of the business attempts to connect the points revolving around the airdrop received by an address.
Is catastrophe waiting for Luna?
a Supporter Mirror recounts the hack to his 55.2k followers on Twitter from the industry. He cites the Mirror attacker, who pulled out $88 million from short contracts. Airdrop of 2,129,681 LUNA has been received. Nayak also shared the attacker’s ETH address and Wormhole Bridge transaction moving UST over Terra. He further states that the attacker now has the new LUNA token.
Which has come at the cost of stealing money from thousands of Mirror users and locking their funds. This had set him back with a loss of lakhs. The thread also highlights that the wallet sold its UST just before it hit $0.6. The liquidation by the hacker pushed the price up to $0.1. Which helped the attacker to get a huge airdrop. After this the proposer ends his talk by saying good timing.
The partisan view is that VCs and big money investors are pumping Luna’s price to dump it later. To compensate for the loss caused by the day-peg event. In addition, the crypto city is also discussing the airdrop scam of LUNA. Where scammers can try to make money by attracting investors.
Read also: Terra 2.0 Finally Launched! Read this before taking any action with LUNA!
In short, while it is too early to reach a decision, it is advisable to wait for things to settle down. As it is rightly said, better safe than sorry! That said, with LUNA now priced at $6.03, time will reveal the altcoin’s prospects.