🆘 LUNC News Update
🚨LUNC Delisting
Gemini Crypto Exchange to Delist Terra Luna Classic (LUNC) and Other Tokens
Gemini, a leading crypto exchange, has announced its decision to delist several digital assets, including Terra Luna Classic (LUNC), Synthetix (SNX), Qredo (QRDO), and Zebec (ZBC). Users will no longer be able to trade these tokens on the platform after September 20, 2024. The exchange advises users to withdraw these assets to external wallets before the delisting date.
Key Highlights:
Delisting Tokens: Terra Luna Classic (LUNC), Synthetix (SNX), Qredo (QRDO), Zebec (ZBC)
Effective Date: September 20, 2024
Reason: Gemini’s decision follows a recent review of the digital assets listed on its platform, focusing on their long-term viability and market relevance.
Community Reaction: The crypto community has speculated on the delisting of LUNC, with some suggesting that the exchange may have confused wLUNA with LUNC. There has been no clarification from Gemini on this issue.
Market Impact:
LUNC Price Movement: Despite the delisting news, LUNC saw a 2% price increase in the last 24 hours, trading within a range of $0.00007708 to $0.00008072. This movement coincides with a broader crypto market recovery.
Future Outlook: While the delisting may negatively impact LUNC’s market sentiment, ongoing recovery in the broader crypto market and active development on the Terra platform may help mitigate potential downsides.
Additional Developments:
Terraform Labs Update: The Shuttle bridge, used for redeeming wrapped assets on Terra Classic, has reopened. Users have 30 days to redeem their wrapped assets through the bridge.
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