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.
Interestingly, LUNC and USTC prices were not negatively affected by the delist news. Both assets gained value in the last 24 hours despite procedural difficulties. The price of LUNC is up 2% and is currently trading at $0.00008699. During the same period, the lowest level of 0.00008276 dollars and the highest level of 0.0000884 dollars were reached. Trading volume decreased by 12%.
Similarly, USTC price increased by 5% and settled above the $0.020 level. USTC's 24-hour low and high were $0.01874 and $0.02077 respectively. Trading volume increased by 66% amid claims of TFL crypto losses. This upward trend shows that investors are acting with cautious optimism.
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