Crypto.com exchange has confirmed the emails received by investors about LUNC’s delisting from the platform. The news caused the price of LUNC to drop by approximately 10%.
Several Terra Luna Classic community members expressed apprehension regarding emails circulated on February 15th, claiming that Crypto.com had delisted LUNC. The community speculated that the emails might have been phishing attempts that endangered consumers.
The crypto exchange needed to adequately address inquiries due to the absence of an official announcement on its website or social media platforms. As a result of the FUD’s effect on LUNC prices, the community anticipates an official statement from executives or the exchange.
In response, Crypto.com stated, “Our customers are notified of such news through email.” “Such an email containing your anti-phishing code indicates that the contents are legitimate, should you have received it.”
Nevertheless, the exchange refrained from disclosing any additional information regarding the affected consumers or the jurisdictions where LUNC trading will cease.
Terra Classic’s (LUNC) price declined today due to a significant, broader selloff. Furthermore, Terraform Labs has initiated the process of declaring insolvency in Delaware, intending to proceed with its objectives while grappling with legal obstacles.
LUNC, LUNA Prices Fall
The insolvency announcement of Terraform Labs precipitated a decline in Terra ecosystem tokens, which exacerbated the losses in LUNC, LUNA, and USTC.
Terra (LUNA) has lost 7% of its value in the past twenty-four hours and is currently trading at $0.61. The 24-hour high and low are $0.613 and $0.666, respectively.
The price of LUNC has decreased by 8% over the past twenty-four hours and is currently trading at $0.000102. LUNC has reduced by 16% over the past week.
The respective 24-hour high and low are $0.000102 and $0.000112. Furthermore, there has been a 27% surge in trading volume over the past twenty-four hours.
