Altcoin News

Gemini Crypto Exchange Announces Terra Luna Classic (LUNC) Delisting

Terra Luna Classic (LUNC) faces delisting on crypto exchange Gemini, but latest developments from the Terra ecosystem appears to have bolstered market confidence.
Published by
Gemini Crypto Exchange Announces Terra Luna Classic (LUNC) Delisting

Highlights

  • Crypto exchange Gemini decides to delist Terra Luna Classic (LUNC).
  • Crypto exchange will also delist Synthetix (SNX), Qredo (QRDO), and Zebec (ZBC) by September 30.
  • LUNC price climbed 2% amid broader crypto market recovery.

Leading crypto exchange Gemini has revealed plans to delist Terra Luna Classic, according to emails received by people familiar with the matter. Besides LUNC, the email also suggests that the exchange has named Synthetix (SNX), Qredo (QRDO), and Zebec (ZBC) among cryptocurrencies for delisting.

Advertisement

Gemini Announces Terra Luna Classic Delisting

According to an email by crypto exchange Gemini, it has decided to delist Terra Luna Classic (LUNC). The move comes in response to a recent review of various digital assets listed on the exchange.

Crypto exchange will also delist Synthetix (SNX), Qredo (QRDO), and Zebec (ZBC). Users will no longer be able to trade these crypto after September 20. The exchange recommends withdrawing these crypto to external wallets.

“We consistently review the markets for the various assets we support. At times, we reassess the value of having certain assets listed on our exchange, and as a result of our most recent review have determined to take the actions outlined above,” said Gemini.

Crypto community debates over the Terra Luna Classic (LUNC) delisting and claims the crypto asset mentioned by the exchange is wLUNA. Gemini mentions wLUNA as LUNC for no specific reason.

Terraform Labs earlier announced the reopening of the Shuttle bridge for the redemption of wrapped assets on Terra Classic. Users are allowed to redeem wrapped assets from the bridge wallets until 30 days.

Advertisement

LUNC Price To Drop?

LUNC price continued to move range bound for a week, with a 2% jump in the last 24 hours. The 24-hour low and high are $0.0000789 and $0.00008246, respectively. Moreover, trading volume decreased by 25% in the last 24 hours amid a volatile market scenario.

Although the delisting announcement has initially sparked concerns in the market, the recent performance indicates a different picture. It appears that the community is putting their bets on the crypto given the recent developments.

For context, Terraform Labs (TFL) has announced that its Chapter 11 bankruptcy hearing will commence in mid-September. The news comes as a significant development in the company’s bankruptcy proceedings, which have been closely watched by the crypto community.

The announcement appears to have boosted market confidence, suggesting that investors are optimistic about the company’s future prospects. The hearing will mark a crucial milestone in TFL’s efforts to restructure and recover from its recent difficulties.

Notably, Terra Luna Classic delisting may cause sentiment to worsen further, but the continued market recovery and development activity could negate the downside.

Meanwhile, USTC price climbing amid the USTC repeg narrative, with the price currently trading at $0.01663. USTC futures open interest saw a 1% increase in the last 24 hours. Binance, BingX, and Bybit recording massive buying activity.

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle

Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…

October 2, 2025
  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025
  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown

The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…

October 1, 2025
  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025