Terra Luna Classic (LUNC) Delisting Confirmed By CryptoCom

The Terra Luna Classic community faced a minor setback after some investors received emails of LUNC delisting from crypto exchange Crypto.com. LUNC price fell nearly 10% as holders were in dilemma whether to sell their holdings or await an official announcement on the Crypto.com website or social media channels.

Terra Classic (LUNC) Delisting

Some Terra Luna Classic community members shared concerns regarding emails circulating about LUNC delisting by Crypto.com on February 15. The community considered the emails could possibly be a phishing scam putting customers in danger.

The crypto exchange’s response to inquiries fell short as there is no announcement on the website or social media channel. The community expects an official announcement from executives or exchange as the FUD has impacted LUNC prices.

In a reply to CoinGape Media, Crypto.com said “Such news are shared with our customer via email. In case you have received such an email with your anti-phishing code, it means that the information there is valid.” However, the exchange didn’t share any further details about customers impacted or jurisdictions where LUNC trading will be discontinued.

Meanwhile, Terra Classic (LUNC) price also fell in a major broader selloff today. Also, Terraform Labs has filed for bankruptcy protection in Delaware with a plan to continue working on goals while managing legal hurdles.

Read More: Terra Classic Community Turns Down Major Proposal; LUNC Price Retraces

LUNC and LUNA Prices Fell

Terra ecosystem tokens tumbled after Terraform Labs’ bankruptcy news, further increasing the downsides in LUNC, LUNA, and USTC.

Terra (LUNA) dropped 7% in the last 24 hours, with the price currently trading at $0.61. The 24-hour high and low are $0.613 and $0.666, respectively.

LUNC price fell 8% in the last 24 hours, with the price currently trading at $0.000102. LUNC has dropped 16% in a week. The 24-hour high and low are $0.000102 and $0.000112, respectively. Moreover, trading volume has increased by 27% in the last 24 hours.

Also Read: Donald Trump Wants to Protect America From CBDC Threat, Receives Support

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.