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Coinbase to Re-List Terra Luna Classic (LUNC) According to Reports

2 months ago at May 14, 2024 | 4:35 am UTC
Ethereum, Industry Analysis, LINK, Market Analysis, News, Reviews

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Godfrey Benjamin
6 hours ago
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            <h2>Highlights</h2>

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                <li>Rumor has it that Coinbase is thinking about relisting LUNC swaps on its platform</li>




                <li>The exclusion of LUNA in favor of LUNC hints at a possible reinstatement of LUNC by the exchange</li>




                <li>The positive news has spurred an increase in LUNC's price and key performance indicators</li>
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Reports suggest that Coinbase Global Inc., a prominent crypto trading company, is contemplating the relisting of Terra Luna Classic (LUNC). This development, currently making waves on Crypto X, could propel Terra Luna Classic to remarkable heights.

Coinbase and Terra Luna Classic Relationship

Recent chatter within the LUNC community on X indicates that Coinbase Wallet has demonstrated support for LUNC. An initial report by @MrDiamondhandz1 highlighted that Terra Luna Classic is available for trading on Coinbase Wallet.

@MrDiamondhandz1, a renowned voice in the community, Diamondhandz1 mentioned that while LUNC has a status of “coming soon” on Coinbase Wallet, there is no mention of Terra Luna (LUNA). In 2022, Terraform Labs faced a crisis leading to the collapse of LUNA and UST tokens.

Following the collapse, the market witnessed the liquidation of over $60 billion in both cryptocurrencies, leaving investors in a financial dilemma. Consequently, several platforms delisted the original token LUNA, a decision that persists to this day. To revive the protocol, Terraform Labs spearheaded the creation of a new chain maintaining the Terra (LUNA) identity.

The original chain rebranded as Terra Luna Classic (LUNC) has been striving to innovate and rebuild trust in the broader market. LUNC has worked to unite the community in efforts to reclaim its former glory. The potential listing on Coinbase Wallet is a significant vote of confidence for the project.

LUNC Metrics on the Rise

The revelation of Coinbase’s potential relisting of Terra Luna Classic has sparked optimism within the community. Currently, LUNC’s price has surged by 1.10% in the last 24 hours to reach $0.0001054. This notable uptick, especially following a downward trend earlier in the day, indicates a promising shift amidst a series of positive developments this month.

Earlier reports highlighted the desire of the Terra Luna Classic community to enlist Allnodes as an official entity to manage the endpoint for the circulating supply. With concerted efforts to rejuvenate the ecosystem, a potential listing on Coinbase could further bolster its endeavors.

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