LUNC Falls 15%, Here Is Why It Is Doomed To Fail

Singapore News News

LUNC Falls 15%, Here Is Why It Is Doomed To Fail
Singapore Latest News,Singapore Headlines
  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

LUNC loses 15% at what might be the beginning of the ultimate end luna terraluna crypto terraclassic terra $lunc

mechanism, as well as an update that has restored staking. Roughly similar arguments as well as triple-digit growth figures contributed to the LUNC price run-up and caused unassuming market players to fear being left on the sidelines.that Binance would not support the burning of LUNC through on-chain tax burns, it caused the token's chances of success to collapse again, given the size of liquidity on one of the largest crypto exchanges.

has no prospects, the reputation of the project and its founders is destroyed to the ground, and any attempt by the community to revive the project is likely to be doomed to failure. As things stand, Terra's reputational damage from the May crash is irreparable. Ecosystem developers have migrated to BNB Chain and Polygon networks, and there is virtually no on-chain activity.

Most likely, LUNC is supported solely by speculators, who try to make money on cheap tokens with low liquidity,"accelerating" such assets and increasing their manipulation by news factors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Notice on Tax Burn for LUNC and USTC on Terra Classic (LUNC) Network | Binance SupportNotice on Tax Burn for LUNC and USTC on Terra Classic (LUNC) Network | Binance SupportFellow Binancians, The Terra community has passed Proposals 3568 and 4159, which will introduce a 1.2% tax burn for on-chain transactions of LUNC and USTC on Terra Classic network. Binance will rev...
Read more »

Bitcoin Volatility, LUNA and LUNC Rollercoaster, Ethereum Merge Hype: This Week's Crypto RecapBitcoin Volatility, LUNA and LUNC Rollercoaster, Ethereum Merge Hype: This Week's Crypto RecapBitcoin went through massive volatility over the past few days, Ethereum's Beacon chain saw the Bellatrix upgrade go live, while the Terra ecosystem is in for a wild ride.
Read more »

Terra Luna Classic (LUNC) Soars 100% Weekly as KuCoin, Gate Io Extend Tax Burn SupportTerra Luna Classic (LUNC) Soars 100% Weekly as KuCoin, Gate Io Extend Tax Burn SupportThe native token of the old Terra network is attempting to make a strong comeback from the dead.
Read more »

Terra Classic (LUNC) Showing Highest Positive Gains in Top 100, What's Happening?Terra Classic (LUNC) Showing Highest Positive Gains in Top 100, What's Happening?ICYMI: $LUNC is up 50.58% in the last 24 hours, here's why LUNC Terra LUNCcommunity
Read more »

Bitcoin Reclaims $19K, Terra's LUNC Soars 50% (Market Watch)Bitcoin Reclaims $19K, Terra's LUNC Soars 50% (Market Watch)LUNC continues to recover with another double-digit price surge, while BTC has jumped above $19,000.
Read more »

Here’s why Terra Classic price has soared by 250% in SeptemberHere’s why Terra Classic price has soared by 250% in SeptemberTerra Classic has been outperforming all top-ranking cryptocurrencies with its price increasing 250% so far in September. Here is what you need to know about the LUNC rally:
Read more »



Render Time: 2025-04-06 20:47:11