Crypto.com acknowledges the potential validity of the news regarding the delisting of Terra Classic (LUNC). In response, the price of LUNC experienced a significant 16% decline.
The Terra Luna Classic (LUNC) community encountered a minor setback as certain investors received delisting emails from Crypto.com. This development led to a nearly 10% decline in LUNC price, leaving holders in a dilemma about selling their holdings or awaiting an official announcement on Crypto.com’s website or social media channels.
Terra Luna Classic (LUNC) Delisting Concerns and Phishing Scam Alerts
In the Terra Luna Classic community, apprehension grew as emails circulated about the potential delisting of LUNC by Crypto.com on February 15. Some community members expressed concerns, considering the possibility of these emails being part of a phishing scam that could jeopardize customers.
Despite community inquiries, Crypto.com’s response has been limited, with no official announcement on the website or social media channels. The absence of clear communication has led to heightened uncertainty, impacting LUNC prices as fear, uncertainty, and doubt (FUD) set in.
Crypto.com’s Limited Information and LUNC Price Impact
Meanwhile, amidst a broader market selloff, the price of Terra Classic (LUNC) also experienced a significant decline. Adding to the challenges, Terraform Labs, the entity behind Terra, has filed for bankruptcy protection in Delaware. Despite this, the company aims to persist in pursuing its goals while addressing legal obstacles.
Terra Ecosystem Tokens Decline Amid Terraform Labs’ Bankruptcy
The Terra ecosystem tokens, including LUNC, LUNA, and USTC, witnessed a significant downturn following the announcement of Terraform Labs’ bankruptcy. The impact on LUNC is particularly noteworthy.
Terra (LUNA) Declines by 7% in 24 Hours: Within the last 24 hours, Terra (LUNA) faced a 7% drop, with the current trading price at $0.61. The 24-hour high and low stand at $0.613 and $0.666, respectively.
LUNC Price Records an 8% Decline in 24 Hours: LUNC, another token within the Terra ecosystem, experienced an 8% decline in the last 24 hours, currently trading at $0.000102. Notably, LUNC has witnessed a 16% drop over the course of a week. The 24-hour high and low are reported at $0.000102 and $0.000112, respectively. Additionally, trading volume surged by 27% in the last 24 hours.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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