Coinbase Eyes Terra Luna Classic Relisting, Igniting Community Optimism

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Coinbase, a leading cryptocurrency exchange, is reportedly considering the relisting of Terra Luna Classic (LUNC), as per recent reports circulating on Crypto X. This development has sparked optimism within the LUNC community, with many anticipating that it could drive the price of LUNC to new highs.

Coinbase Relisting Sparks Community Craze

JUST IN: $LUNA is showing as a asset not supported by #Coinbase, and $LUNC is showing available to trade on Coinbase wallet. Bullish! Time to send #LunaClassic to the moon! #Crypto #LUNCcommunity pic.twitter.com/FklO8BQ41o

— Mr. Diamondhandz1 (@MrDiamondhandz1) May 13, 2024

Community members, including notable figures like @MrDiamondhandz1, revealed the news. They noted the availability of LUNC for trading on Coinbase Wallet. This move by Coinbase Wallet, which seemingly favors LUNC over Terra Luna (LUNA), suggests the possibility of a relisting for LUNC shortly.

It all started in 2022 when Terra Luna (LUNA) experienced a significant collapse alongside its algorithmic stablecoin, TerraUSD. The fallout from this collapse resulted in the delisting of LUNA from several exchanges, causing investors to suffer losses exceeding $60 billion. However, in response to this crisis, Terraform Labs, led by Do Kwon, initiated a fork of the original chain, preserving the Terra (LUNA) identity while rebranding the original chain as Terra Luna Classic (LUNC).

Despite the challenges it faced post-collapse, the LUNC community has shown immense faith in the project. However, the relisting will end all the woes the token has suffered, which also marks a positive signal for the project’s prospects.

Crypto Reaction

The news of Coinbase’s potential relisting of Terra Luna Classic has generated a bullish sentiment within the community. At the time of reporting, the price of LUNC had increased by 1.10% in the past 24 hours, reaching $0.0001054.

This upward trend coincides with other positive developments within the LUNC ecosystem, such as proposals to engage Allnodes as an official organization to manage the endpoint for circulating supply. 

In the meantime, the price of USTC has dropped 2% in the past 24 hours and is now $0.0227. The 24-hour low is $0.02233 and the 24-hour high is $0.02389.