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- CryptoCom confirms Terra Luna Classic (LUNC) delisting.
- Terra Luna Classic (LUNC) sees a 13% price plunge.
- According to emails received by investors, the exchange is set to delist the coin on Feb 15.
A wave of uncertainty has hit the Terra Luna Classic (LUNC) community after Crypto.com officially confirmed its delisting. The news has caused LUNC prices to drop by 13%, shocking the market.
Investors received delisting emails on February 15, sparking concerns about the legitimacy of the information and potential phishing scams. Crypto.com has acknowledged the validity of the news, but official announcements are still awaited, leaving the community in the dark.
The delisting of LUNC came shortly after Terraform Labs filed for Chapter 11 bankruptcy protection in the US, driving the LUNC price down and leaving holders unsure about their next steps.
LUNC price chart
Concerns about phishing scams have been heightened due to the absence of an official announcement on Crypto.com’s website or social channels. The lack of clear communication from the exchange has added to fear, uncertainty, and doubt (FUD) surrounding LUNC and LUNA prices.
Investors are eagerly awaiting clear communication from the exchange’s executives as they navigate legal hurdles and broader market selloffs that compound challenges for Terra Luna Classic.