The Terra Luna Classic (LUNC) community is facing uncertainty as Crypto.com confirms the coin’s delisting. This news has caused a 13% price drop for LUNC, leaving investors in shock. The exchange has sent emails to investors, stating that the delisting will take place on February 15th.
This sudden announcement has caused confusion and concern among investors, who are questioning the legitimacy of the news and potential phishing scams. Crypto.com has confirmed the delisting, but the lack of official announcements on their website and social media has left the community eagerly awaiting further information.
The delisting of LUNC comes shortly after Terraform Labs filed for bankruptcy protection in the US. This has caused a dilemma for holders, who are unsure whether to sell their holdings or wait for official confirmation from Crypto.com.
While the bankruptcy filing may add complexity to the situation, Terraform Labs remains committed to their goals and continuing their work. However, the broader market selloff has also added challenges for Terra Luna Classic, raising concerns about the project’s future in a dynamic and challenging environment.
The lack of clear communication from Crypto.com regarding the delisting has only added to the fear, uncertainty, and doubt (FUD) surrounding LUNC and LUNA prices. Investors are eagerly anticipating updates from the exchange’s executives.
In the meantime, the community is also on high alert for potential phishing scams, as the lack of official announcements has raised concerns. The Terra Luna Classic community has reached out to Crypto.com for more details, but the response has been limited, leaving many questions unanswered.
Despite the challenges, Terra Luna Classic remains determined to navigate legal hurdles and continue their work. However, the delisting and market selloff have added significant obstacles, and the community is eagerly awaiting more information from Crypto.com.
