American multinational crypto trading platform Coinbase Global Inc. is reportedly making plans to re-list Terra Luna Classic (LUNC). The news, now circulating on Crypto X, is considered a major bullish update that can push Terra Luna Classic to new highs.
Coinbase and Terra Luna Classic
Current chatter on X from LUNC community members revealed that Coinbase Wallet has showed support for LUNC. One of those who first broke the news (@MrDiamondhandz1) noted that Terra Luna Classic is showing available to trade on Coinbase Wallet.
— Mr. Diamondhandz1 (@MrDiamondhandz1) May 13, 2024
@MrDiamondhandz1, known as one of the popular validators in the community, Diamondhandz1 said while the Coinbase Wallet features a coming soon outlook for LUNC, it was completely silent on the status of Terra Luna (LUNA). In 2022 when Terraform Labs collapsed alongside its two associated token, LUNA and UST.
With the collapse, the market saw the liquidation of over $60 billion in both cryptocurrencies, plunging investors into a financial dessert. At the time, many cryptocurrencies delisted the original coin LUNA, a proscription that has lingered to date. In order to salvage the protocol, the Do Kwon led Terraform Labs backed the forking of a new chain with the retained Terra (LUNA) identity.
The old chain saw its name changed to Terra Luna Classic (LUNC) and has continued to innovate in order to regain the broader market confidence. LUNC has tried to converge the community in a bid to fight to regain the lost glory. The current tease of listing by Coinbase Wallet is a major vote of confidence for the project.
LUNC Metrics Lights Up
The news of Coinbase’s potential relisting of Terra Luna Classic has sent a bullish uptick into the community. At the time of writing, the price of LUNC has jumped by 1.10% in 24 hours to $0.0001054. For a token that traded lower in the day, this uptick comes off as a major trend shift amid a confluence of bullish news recorded this month.
As reported earlier, the Terra Luna Classic community has proposed to bring Allnodes as an official organization to manage the endpoint for circulating supply. With converged efforts to reboot the ecosystem as a functional one, any imminent Coinbase listing can amply its efforts.
#Crypto #LUNCcommunity pic.twitter.com/FklO8BQ41o
(@MrDiamondhandz1) May 13, 2024
