Crypto.com Postpones LUNC Delisting to April

LUNC’s trading volume on Crypto.com declined, affecting prices, possibly linked to users moving holdings to other exchanges.

Cryptocurrency exchange Crypto.com has informed some community members via correspondence that the delisting of Terra Luna Classic (LUNC) has been postponed until April.

The delisting of LUNC by February 15, as previously communicated to affected LUNC holders via email by the cryptocurrency exchange, was subsequently confirmed.

Members of the Terra Luna Classic community exchanged correspondence concerning the postponement of the delisting of Terra Luna Classic (LUNC) by Crypto.com until April or until further notice.

The community expresses satisfaction with Crypto.com’s decision to postpone and afford sufficient time for LUNC holders to deliberate on their holdings.

The community continued to anticipate an official statement from executives or the exchange, even though the FUD has significantly impacted LUNC prices.

According to newly circulated emails, the decision to delist LUNC will not occur on February 15; instead, it will be postponed until April. Customers will retain the ability to withdraw, deposit, and trade LUNC.

The cryptocurrency exchange intends to delist Terra Luna Classic (LUNC), although it provides no explicit justifications for this course of action.

The trading volume of LUNC on Crypto.com has experienced a substantial decline after transferring specific users’ holdings to alternative cryptocurrency exchanges, where they sold them at elevated prices.

Following the validators’ rejection of the L1TF core security upgrade package proposal, the community is working to reconcile disputes about the pay-per-job arrangement.

Crypto.com’s Impact on LUNC and USTC Tokens

Amid low trading volumes, the Terra Luna Classic ecosystem tokens LUNC and USTC continue to decline, suggesting traders’ shortage of interest. Currently, most traders are shorting LUNC and 1000LUNC, according to liquidation data.

The price of LUNC has decreased by more than 1% in the previous twenty-four hours and by 32% in the past month.

At present, the price stands at $0.00009458, having fluctuated between $0.00009231 and $0.00009733 over the past twenty-four hours.

In the meantime, the price of USTC has decreased by 2% over the past twenty-four hours and is currently $0.0241. The 24-hour moving average is $0.0250, while the 24-hour low is $0.0238.