Coinbase Reportedly Re-Listing Terra Luna Classic (LUNC)

Coinbase Reportedly Re-Listing Terra Luna Classic (LUNC)

American multinational crypto trading platform Coinbase Global Inc. is reportedly preparing to re-list Terra Luna Classic (LUNC). The news, which has been circulating on Crypto X, is considered a significant bullish development that could propel Terra Luna Classic to new heights.

Coinbase and Terra Luna Classic

Recent discussions on Crypto X by LUNC community members have revealed that Coinbase Wallet now supports LUNC. One of the first to report this (@MrDiamondhandz1) noted that Terra Luna Classic is shown as available for trading on Coinbase Wallet.

#Crypto #LUNCcommunity pic.twitter.com/FklO8BQ41o

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

Mr. Diamondhandz1, a popular validator in the community, stated that while Coinbase Wallet indicates that LUNC is coming soon, there is no mention of Terra Luna (LUNA). In 2022, Terraform Labs collapsed along with its two associated tokens, LUNA and UST.

The collapse resulted in the liquidation of over $60 billion in both cryptocurrencies, leaving investors devastated. At the time, many crypto exchanges delisted the original LUNA token, a ban that has remained in place until now. To salvage the protocol, Do Kwon-led Terraform Labs supported the forking of a new chain that retained the Terra (LUNA) identity.

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