The Terra Luna Classic (LUNC) community is urgently seeking clarification from Terraform Labs (TFL) CEO Chris Amani and the social trading platform eToro regarding the recent delisting of LUNC. The move to close-only status on eToro has affected 78,000 LUNC holders, preventing them from purchasing LUNC tokens.
This action follows TFL's Chapter 11 bankruptcy proceedings, which led to the halt of all tokens issued by TFL on eToro. The community argues that TFL and its founder, Do Kwon, had previously distanced themselves from Terra Classic, transferring governance and operational responsibilities to the community.
Notable validators and community figures, such as VegasMorph and Mr. Diamondhandz, have emphasized that Terra Classic is a decentralized chain managed through community governance. The recent developments have raised concerns about potential delistings on other exchanges, which could further impact the LUNC ecosystem.
Despite these challenges, LUNC and USTC prices have shown resilience. LUNC saw a 2% increase in the last 24 hours, trading at $0.00008699, while USTC rose by 5%, now above $0.020. The community remains focused on maintaining the chain's functionality and securing clarity on the delisting issue to ensure stability and growth.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.