American multinational crypto trading platform Coinbase Global Inc. is reportedly planning to re-list Terra Luna Classic (LUNC). This news, circulating widely on Crypto X (formerly Twitter), is considered a major bullish update that could propel Terra Luna Classic to new highs.
Key Developments
- Coinbase Wallet Support: Community members on X revealed that Coinbase Wallet now shows LUNC as "available to trade," while Terra Luna (LUNA) remains unsupported.
- Community Reaction: Validator @MrDiamondhandz1 highlighted the development, calling it a bullish signal for LUNC's future.
"$LUNC is showing available to trade on Coinbase Wallet. Bullish! Time to send #LunaClassic to the moon!"
— @MrDiamondhandz1
Background: Terra Luna Classic’s Journey
Following the 2022 collapse of Terraform Labs—which wiped out $60 billion in market value—the original chain rebranded as Terra Luna Classic (LUNC). Meanwhile, a new chain retained the Terra (LUNA) identity. LUNC has since focused on rebuilding trust through community-driven initiatives.
👉 Why Terra Luna Classic’s revival matters for crypto
LUNC Metrics Show Positive Momentum
The relisting rumor has already impacted LUNC’s price:
- Current Price: $0.0001054 (+1.10% in 24 hours).
- Market Sentiment: Optimistic, driven by broader ecosystem efforts like the Allnodes proposal to manage circulating supply.
FAQs
1. Why is Coinbase’s potential LUNC relisting significant?
A relisting would validate LUNC’s recovery efforts, likely increasing liquidity and investor confidence.
2. What caused Terra Luna Classic’s original collapse?
The 2022 Terraform Labs crash depegged its stablecoin UST, triggering a domino effect that erased billions in value.
3. How is LUNC different from LUNA?
LUNC is the original chain (rebranded after the crash); LUNA refers to the new forked chain.
4. Could LUNC regain its former value?
While speculative, community efforts and exchange support (like Coinbase) could help stabilize its trajectory.
5. Where can I trade LUNC now?
Binance, Kraken, and other major exchanges currently support LUNC.
👉 How to stake LUNC for passive income
Conclusion
Coinbase’s potential relisting of Terra Luna Classic marks a pivotal moment for the project. With renewed community focus and strategic partnerships, LUNC could see sustained growth—though market volatility remains a factor.
Disclaimer: Cryptocurrency investments carry risks. Conduct independent research before making financial decisions.
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