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2022-09-10 22:10:12 LUNA Surges 166% After LUNA Classic’s Own Rise

The twin collapses of Terra’s UST stablecoin and LUNA cryptocurrency are widely blamed for at least partially causing May’s market-wide crypto crash, resulting in a cascade of crumbling crypto valuations. But after all the turmoil—believe it or not—the rebooted LUNA and the rebranded LUNA Classic (LUNC) have both skyrocketed in recent days. LUNA has increased in value by 166% over the last 24 hours to reach a current price of over $5, per data from CoinGecko. It’s a surprising surge for a coin that has barely budged since early June, sticking close to the $2 mark. The price popped as high as $6.87 over the last day, marking a peak 247% increase since the start of the day Friday. The newly rebooted LUNA blockchain was forked from the code of the previous one, and is Kwon’s attempt.

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2022-09-09 22:20:07 Binance will not apply Terra Classic tax burn to spot trade on exchange

Binance has announced that it will not support the $LUNC tax burn to spot or margin trades made on its exchange. Luna Classic governance proposals 3568 and 4159 were passed to add a 1.2% tax to all on-chain transactions at a block height of 9,475,200. Binance will apply the tax to all deposits and withdrawals. KuCoin also announced Wednesday that it would “support” the tax burn. However, it fell short of declaring if it would apply the tax to trades but confirmed it would apply to withdrawals and deposits. Any announcement that an exchange is supporting the tax is merely public relations positioning. Yet, Binance did provide some new information in that it will not honor the burn on trades.

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2022-09-07 19:40:10 Terra Launches Second LUNA Airdrop to Repay Holders

LUNA is back from the dead. Sort of Claims are now live for Terra’s second airdrop for its new LUNA token four months after the DeFi ecosystem failed and vaporized more than $60B in market capitalization. The move is intended to provide a partial reimbursement to wallets holding its native LUNA token or UST stablecoin, both of which became virtually worthless in May. Terra Luna Classic holders who didn’t receive the correct number of LUNA tokens during the project’s first “Phoenix” airdrop on May 28 can claim the secondary drop. Claims went live on Sep. 4 and will expire on Oct. 4. About 19.5M LUNA have been allocated to the airdrop.

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2022-09-06 22:48:02 LUNC Skyrockets 25% Daily: The Highest Price Since the Terra Collapse

Terra’s original native cryptocurrency skyrocketed by double digits daily to its record price since the ecosystem tumbled. With the trading volume picking up pace, Terra Classic jumped to its highest price tag since the rebranding that followed the protocol’s crash. LUNC is among the best performers in the past 24 hours as the majority of the market strives to regain some of the recent losses. The asset is up by 25% as of now, but it had skyrocketed by about 80% earlier today. At one point, it traded close to $0.00045, which became the highest price level in over three months. As CryptoPotato repeatedly reported back in May, the Terra ecosystem collapsed when the native algorithmic stablecoin – UST – lost its parity with the dollar that was supposed to be pegged with.

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2022-09-05 22:20:10 MEXC Global Becomes First Top Exchange To Support Terra LUNA Classic Burn Initiative, Over 25M LUNC Burned Already

MEXC Global 3 days ago, the firm disclosed that it would support the LUNC community burn tax proposal in a time-limited event from 10:00 September 3 to 10:00 September 17 (UTC).“To support the burn tax proposal from the Terra Classic (LUNC) community, MEXC will launch a time-limited burning event for spot trading fees of LUNC/USDT and LUNC/USDC,” the company wrote. As per the LUNC tax proposal, which recommends that a 1.2% tax be applied on all on-chain transactions and burnt, MEXC says the spot trading fee for LUNC trading pairs will be adjusted to 1.2%. MEXC notes that it will use the trading fee obtained to carry out secondary market buybacks daily. The LUNC tokens obtained from the buybacks would then be sent to the burn address provided by Terra.

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2022-09-04 22:10:01 Terra’s Luna Classic Outperforms Bitcoin, Ethereum Over the Last 30 Days

Terra’s Luna Classic has enjoyed a bit of renaissance in the past week as its value saw a significant rise after the introduction of a 1.2% burn tax on all swaps. The token traded for as high as $0.00031131 during the week before losing some of the gains. As of press time, it is trading at $0.0002604. Regardless of this, LUNC is one of the best-performing cryptocurrencies in the prevailing bear market. Since its historical implosion in May, the asset has risen by over 25,000% during the last four months.

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2022-09-03 21:20:07 Binance Unveils New Changes for Terra Luna Classic (LUNC) and USTC Deposits and Withdrawals

Binance has announced it will suspend all deposits and withdrawals of Terra Classic tokens, LUNC, and USTC made through the Shuttle Bridge. The exchange noted in a recent announcement that it would suspend the deposit and withdrawal of LUNC (Shuttle) and USTC (Shuttle) from September 7, 2022, at 00:00 UTC. “Deposits and withdrawals of LUNC (Shuttle) via Ethereum network (ERC20) and USTC (Shuttle) via BNB Smart Chain (BEP20), Ethereum network (ERC20), and Polygon network will be suspended indefinitely from 2022-09-07 at 00:00 (UTC),” the exchange said in a statement.

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2022-09-02 22:00:33 Terra LUNA Classic continues astonishing come back with 2,400% gains over last 7 days

Terra LUNA Classic (LUNC) continues climbing higher amid plans to revive the chain and tempt investors back. Since August 26, LUNC spiked as high as $0.00031131, equating to more than 2,400% gains. However, bull exhaustion has now set in, with LUNC giving up all of today’s gains and reverting back below the previous day’s close. The Terra ecosystem collapsed in May following the UST de-peg. The stablecoin dropped as low as $0.006 during the panic.

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2022-09-01 22:20:10 $1 billion pumped into Terra Classic’s market cap in a week as LUNC surges by 180%

Terra Classic (LUNC), the original chain of the now collapsed Terra (LUNA) token, is recording increased buying pressure driving its value up. Notably, the interest in the token appears to defy the ongoing sustained crypto market volatility, with LUNC surging as much as 80% in the last 24 hours, trading at $0.0002939 at the time of publication, according to data retrieved by Finbold from CoinMarketCap on September 1. Furthermore, over the last week, the digital asset has risen by as much as 180%, climbing from $0.0001 on August 25.

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2022-08-31 23:20:12 TRON Founder Justin Sun Brings USDD to the Big Screen in Times Square, New York, Boosting Confidence Amid Market Downturn

On August 29, Justin Sun, the founder of TRON, brought the USDD stablecoin to the big screen in Times Square, New York, marking the start of a month-long market campaign. Analysts suggest that such a campaign may boost confidence amid the current market downturn. In an open letter published on May 5, Justin Sun officially announced his plan to step into the decentralized stablecoin sector with the launch of USDD. Built upon the TRON public chain, the USDD has become the world’s first decentralized over-collateralized stablecoin with a base collateral rate of over 130%.

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