Coinbase Reportedly Re-Listing Terra Luna Classic (LUNC)

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As a researcher with a background in cryptocurrencies and blockchain technology, I’m closely following the developments surrounding Terra Luna Classic (LUNC) and its potential relisting on Coinbase. Having lived through the market turmoil caused by the collapse of Terraform Labs and the subsequent delisting of LUNA in 2022, I can appreciate the significance of this potential bullish update.

As a crypto investor, I’m excited to hear that reports suggest Coinbase Global Inc., the renowned American multinational crypto trading platform, may be considering relisting Terra Luna Classic (LUNC) on its platform. This potential development is being widely discussed in crypto circles and considered a significant bullish update for Terra Luna Classic. If this comes to fruition, it could potentially propel LUNC to new heights.

Coinbase and Terra Luna Classic

As an analyst, I’ve been closely monitoring discussions within the LUNC community and have noticed some excitement around recent developments. Specifically, it appears that Terra Luna Classic (LUNC) has gained support from Coinbase Wallet. This news was initially shared by a community member with the handle @MrDiamondhandz1, who reported observing LUNC as an available option for trading on this platform.

Breaking News: $LUNA isn’t listed as a supported asset on Coinbase yet, but you can find $LUNC there for trading in your Coinbase Wallet. This is an exciting development for the LUNC community! Let’s lift off #LunaClassic together. #Crypto #LUNCcommunity
— 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.

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2024-05-14 02:24