Terra Luna Classic (LUNC) Delisting Delayed
According to emails received by some community members, Crypto.com has postponed the delisting of Terra Luna Classic (LUNC) until April. The exchange had initially informed LUNC holders via email about the delisting by February 15. The delay has provided additional time for holders to make decisions regarding their LUNC holdings, which has been well-received by the community. However, there is still a demand for an official announcement from the exchange’s executives to address concerns and alleviate the negative impact on LUNC prices.
Unclear Reasons for Delisting
Despite the delay, Crypto.com still intends to delist LUNC without providing clear reasons for their decision. As a result, LUNC trading volume on the platform has significantly decreased as users have transferred their holdings to other exchanges. This has led to a decline in LUNC and USTC prices, indicating a lack of interest from traders. Many traders are currently shorting LUNC and 1000LUNC, as evident from liquidation data.
LUNC and USTC Prices Decline
LUNC price has dropped over 1% in the last 24 hours and 32% in a month. It is currently trading at $0.00009458, with a 24-hour low and high of $0.00009231 and $0.00009733 respectively. Similarly, USTC price has decreased by 2% in the last 24 hours, with a current trading price of $0.0241 and a 24-hour low and high of $0.0238 and $0.0250 respectively.
Hot Take: Uncertainty Surrounding Terra Luna Classic
The delayed delisting of Terra Luna Classic (LUNC) by Crypto.com has generated uncertainty and concerns within the community. The lack of clear reasons for the delisting decision has affected LUNC prices and trading volumes. While the delay provides more time for holders to make decisions, an official announcement from Crypto.com’s executives is still awaited to address these concerns. As traders continue to short LUNC and USTC, the prices of these tokens have experienced significant declines. The future of Terra Luna Classic remains uncertain as the community works towards resolving disagreements and improving the overall ecosystem.
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