Terra confirms that some users received less LUNA than expected from the airdrop and is working on a solution

Developers down the Terra Classic (LUNC) – formerly Terra – cryptocurrency and TerraClassic USD (USTC) – formerly TerraUSD (UST) – stablecoin launched Terra 2.0 (LUNA) successful an effort to determination guardant from the catastrophic clang that deed some of their tokens, losing investors millions successful the process.

Terraform Labs planned to airdrop the caller LUNA tokens to the archetypal token holders to compensate them for their losses. However, contempt their efforts, it seems similar the token organisation didn’t crook retired arsenic intended. Many holders took to societal media claiming they did not person an adjacent magnitude of LUNA 2.0 tokens compared to their erstwhile holdings.

One idiosyncratic claimed to person held $300k successful LUNA portion lone being airdropped $59 worthy of the caller iteration of the token.

Lost $300k successful $LUNA

Got an airdrop of $59

Thank you bash kwon and team

— Ash WSB (@ashwsbreal) May 29, 2022

Another idiosyncratic claimed to person lone received $112 n the airdrop aft losing $50k worthy of LUNA.

Lost 50k connected $LUNA and got an airdrop of $112

Prefer the implicit rug. That tiny airdrop is similar other needle brackish successful the wound

— cevo (@cryptocevo) May 30, 2022

Terraform Labs acknowledged that their airdrop whitethorn not person distributed the expected magnitude of tokens via a tweet connected their authoritative Twitter account.

📣 Attention $LUNA airdrop recipients 📣

We are alert that immoderate person received little $LUNA from the airdrop than expected & are actively moving connected a solution.

More accusation volition beryllium provided erstwhile we person gathered each of the data, truthful enactment tuned.

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

Many token holders who took portion successful the airdrop present clasp a importantly little magnitude of LUNA 2.0 tokens than they had of the archetypal LUNA cryptocurrency. In response, Terraform Labs said they are moving connected a solution to this occupation and would supply further accusation erstwhile they person gathered each of the information related to the uneven token distribution.

This quality comes soon aft reports showed that several ample actors played a role successful the archetypal TerraUSD (UST) token losing its peg, which led to Terra Classic’s terms dropping to beneath 1 cent. It besides follows quality of Terraform employees being nether investigation in South Korea aft the illness of the UST stablecoin.

The motorboat of Terra 2.0 besides saw a rise to $30 earlier an 80% drop connected its archetypal time of trading, followed by a 75% jump owed to quality of a imaginable Binance listing.