Gemini Exchange Has Announced that it will Delist Terra Luna Classic (LUNC) and 3 Other Tokens
Gemini, a prominent crypto exchange, has recently disclosed its decision to delist Terra Luna Classic (LUNC), as well as Synthetix (SNX), Qredo (QRDO), and Zebec (ZBC) due to a comprehensive review of the digital assets listed on the platform. Users will be unable to trade these cryptocurrencies after September 20 and are advised to withdraw them to external wallets.
Terra Luna Delist
This move has sparked discussions within the crypto community regarding the delisting of Terra Luna Classic, with some asserting that the asset referred to by Gemini as LUNC is actually wLUNA, and the exchange’s reasoning for this discrepancy remains unclear.
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Price Action
On a market front, the price of LUNC has remained relatively stable, experiencing a 2% increase over the past 24 hours, with a trading volume surge of 45% amid a broader crypto market recovery. However, the delisting may impact sentiment negatively, though ongoing market recovery and development activities could mitigate potential downsides.
For the meantime, the price of USTC has been on the rise due to USTC’s repeat narrative, currently trading at $0.0163, encountering resistance at $0.0165. Additionally, USTC futures open interest observed a 1% increase in the last 24 hours, with significant buying activity recorded on platforms such as Binance, BingX, and HTX.
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