Crypto exchange Gemini has announced plans to delist Terra Luna Classic (LUNC), along with Synthetix (SNX), Qredo (QRDO), and Zebec (ZBC). The move comes after a review of the assets listed on the platform.
The delisting, set to take effect on September 30, has sparked discussions within the crypto community. While some argue that the move is justified due to the asset’s performance and potential risks, others believe it is a blow to the LUNC ecosystem.
Gemini’s decision to delist LUNC comes amid ongoing efforts to revive the Terra Classic network following its collapse in May 2022. The network’s native token, LUNC, has experienced significant volatility and has faced challenges regaining investor confidence.
The delisting could have several implications for LUNC holders. They may need to transfer their LUNC tokens to other exchanges or wallets before the deadline. Additionally, the delisting could impact the token’s liquidity and trading volume, potentially affecting its price.
The crypto community has expressed mixed reactions to Gemini’s decision. Some argue that the delisting is a sign of the network’s declining relevance, while others believe it could be a catalyst for a resurgence.
As the delisting date approaches, it remains to be seen how LUNC holders will respond and what the long-term implications will be for the Terra Classic ecosystem.
