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LUNC Delisting: Terra Classic Seeks Clarification From TFL CEO And eToro #TerraClassic community has asked Terraform Labs CEO Chris Amani and eToro for clarification on LUNC delisting on the platform. The move comes after eToro users faced difficulty in trading $LUNC due to recent developments in #TerraformLabs (TFL) bankruptcy proceedings. The community claims #DoKwon and TFL had cut ties with the Terra Classic after the 2022 Terra-Luna Crisis, eventually dropping support for the decentralized chain. #HamsterKombat #Babylon_Mainnet_Launch
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#TerraLunaClassic Members Call Out Terra CEO Since mid-2022, LUNC has been powered by a loyal community, which has deemed eToro’s action unfair. As a result, prominent LUNC validators and developers have united to demand answers from Chris Amani, the current TerraForm Labs CEO. According to people familiar with the matter, TerraForm Labs staff told eToro’s officials that Terra still owns LUNC, so trading on the U.S.-regulated stock and crypto #exchange has been discontinued like with $LUNA . Seasoned LUNC validator Vegas Morph has tagged this dispute’s relevant parties, directly approaching Chris Amani: “Can you please tell #eToro that you do not own the chain?” The message abruptly spread across Terra Luna Classic’s social media channels as the community demanded both parties’ answers. Naturally, these developments didn’t bode well for the price of $LUNC . The altcoin plunged by 6.2% to trade at $0.00008188 as of press time. Moreover, despite a substantial relief rally last week to tackle the weekly heights of $0.00009299, #LUNC✅ failed to restore a $500 million global market cap for the fifth consecutive day. #HamsterKombat
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eToro Delists Terra Luna Classic, Infuriating LUNC Community The community behind the #TerraLunaClassic (LUNC) blockchain has voiced its disregard for eToro’s action following TerraForm Labs’ bankruptcy procedure. Terra Luna Classic’s parent company, TerraForm Labs, recently issued a timeline for loss claims relevant to the ecosystem’s crisis in May 2022. eToro decided to delist both associated tokens, Terra (#LUNA✅ ) and LUNC. Why eToro’s Delisting Move Enraged LUNC Holders eToro’s move to disable #LUNC✅ buying on its platform was not spontaneous. An update on eToro regarding the LUNA tokens warned about the looming close-only status that’s been in effect since July 17, 2024, at 9 AM GMT. However, the common misconception about this update remains unsettled. The action to remove $LUNC and LUNA tokens stems from the high-profile Terra vs. SEC case developments, which settled for $4.5B. While this has provided a way for $LUNA investors to potentially get a reimbursement, it remains unclear how realistic this refund plan is, given that TerraForm Labs’ public wallets contain less than $100 million in disposable digital assets. However, a major discrepancy exists in eToro’s action to remove LUNC. #TerraformLabs , the chain’s deployer, forked the original product to launch Terra 2.0, which is now known as Terra (LUNA). #HamsterKombat
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#Nansen CEO Issuing Meme Token For Just One Tweet! 💰 🚀 Alex Svanevik, CEO of Nansen, has launched his meme coin called IQ on the Solana platform via MakeNowMeme. He wrote, "testing some tech a friend built!" 😁 🤖 MakeNowMeme lets you create meme tokens with just a post on X. Once enough traders buy the new asset, its #liquidity is automatically added to the decentralized #exchange Raydium. 📈 As of now, $IQ is trading at around $0.0014, having surged 1350% in the past day. Its market cap stands at $1.3M according to DexScreener. 🌕 At its peak, the coin hit $0.013 before correcting. Its daily trading volume has exceeded $34M. 😂 MakeNowMeme is similar to pump.fun, which saw its daily revenue hit $1.99M on July 1, surpassing Ethereum. 🌟 Remember, DEX Screener also launched a competing platform for creating meme coins on Solana called #moonshot . 🤑 Who knew that testing a friend's tech could turn into a million-dollar joke? Get your memes ready, the crypto world just got funnier! #HamsterKombat
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Solana Overtakes Ethereum in Revenue! 💰🚀 👑 Solana just stole the spotlight from Ethereum, earning $25 million in weekly revenue compared to Ethereum’s $21 million. The #memecoin🚀🚀🚀 craze is fueling this surge, with Solana's network seeing intense activity. 🐸🐶 💵 Most of Solana’s revenue comes from MEV tips and transaction fees. Analyst Dan Smith notes, “Solana’s validators and #stakers are benefiting greatly.” The network hit a record $5.5 million in daily revenue on July 28, its highest in three months.🙀 Despite Ethereum's dominance with $60 billion in total value locked (#tvl ) compared to Solana’s $5.5 billion, the gap is narrowing. Memecoins are proving to be quite the money-makers! 📈 #HamsterKombat #Babylon_Mainnet_Launch $SOL
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