Terra Classic Community Seeks Answers About LUNC Delisting Amid eToro Trading Issues
LUNC
0.00008307
+3.11%
The Terra Classic community expressed concern about the delisting of the LUNC token from eToro and requested a statement from Terraform Labs CEO Chris Amani and eToro. Despite being delisted, LUNC and USTC tokens have increased in price over the last 24 hours.
The Terra Classic community is awaiting a statement from Terraform Labs CEO Chris Amani and eToro regarding the removal of the LUNC token from the eToro trading platform. The community is requesting this clarification following the difficulties users experienced trading LUNC during Terraform Labs' bankruptcy. He emphasizes that Terraform Labs and Do Kwon cut ties with Terra Classic after the Terra-Luna crisis in 2022 and left the management of the decentralized chain to the community.
On eToro, LUNC is now in 'closed only' status, with approximately 78,000 holders unable to purchase LUNC. This move coincides with Terraform Labs' Article 11 bankruptcy filing. It is stated that TFL reported that they still hold LUNC on eToro, which may increase the possibility of further delistings on other cryptocurrency exchanges. VegasMorph and Mr. Influential community figures such as Diamondhandz have emphasized that the Terra Classic chain is decentralized and TFL is governed without community intervention.
