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Terra Luna Classic (LUNC) Delisting Delayed By Crypto.com?

Crypto.com has reportedly delayed the delisting of Terra Luna Classic (LUNC) to April, LUNC price continue to fall.
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Terra Luna Classic (LUNC) Delisting Delayed By Crypto.com?

Highlights

  • Crypto.com reportedly delays Terra Luna Classic (LUNC) delisting to April
  • Terra Luna Classic members disappointed with irrational decision of the crypto exchange
  • LUNC trading volume on Crypto.com dwindled as users transferred their holdings to other crypto exchanges
  • LUNC and USTC price fell over 2% in the last 24 hours

Crypto exchange Crypto.com has reportedly delayed the delisting of Terra Luna Classic (LUNC) to April, as per emails received by some community members. The crypto exchange earlier informed affected LUNC holders via email about the delisting of LUNC by February 15, which was confirmed by CoinGape.

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Terra Luna Classic (LUNC) Delisting

Terra Luna Classic community members shared emails regarding the delay of Terra Luna Classic (LUNC) delisting by Crypto.com to April until further notice. The community is pleased with the move by Crypto.com to delay and provide enough time for holders to make decisions regarding their LUNC holdings.

However, the community still expected an official announcement from executives or the exchange, as the FUD has impacted LUNC prices greatly.

New emails circulating state they will not delist LUNC on February 15th, and will delay their decision until April. Customers will still be able to trade, deposit, and withdraw LUNC.

The crypto exchange still seeks to delist Terra Luna Classic (LUNC), without citing any clear reasons for the decision. The LUNC trading volume on Crypto.com has decreased significantly after some users already transferred their holdings to other crypto exchanges and sold at higher levels.

The community is currently working on resolving disagreements related to the pay-per-job proposal after validators voted against the L1TF core security upgrade package proposal.

Read More: Terra Luna Classic Core Dev L1TF Security Upgrade Proposal Officially Rejected

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LUNC and USTC Prices Slip Lower

Terra Luna Classic ecosystem tokens LUNC and USTC continue to drop amid low trading volumes, indicating lack of interest from traders. Most traders are actually shorting LUNC and 1000LUNC currently, as per liquidation data.

LUNC price fell over 1% in the last 24 hours and 32% in a month. The price is currently trading at $0.00009458, with a 24-hour low and high of $0.00009231 and $0.00009733, respectively.

Meanwhile, USTC price dropped 2% in the last 24 hours, with the price currently trading at $0.0241. The 24-hour low and high of $0.0238 and $0.0250, respectively.

Also Read: Jupiter Exchange — Why Is JUP Token Creating A Buzz?

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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.

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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.
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