Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Bybit Announces LUNC Delisting Warning, Shaking the Community
ALTCOIN NEWS

Bybit Announces LUNC Delisting Warning, Shaking the Community

By Crypto FlexsAugust 26, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bybit Announces LUNC Delisting Warning, Shaking the Community
Share
Facebook Twitter LinkedIn Pinterest Email
  • Bybit has placed a warning label on the LUNC/USDC trading pair.
  • The community demands explanation for these decisions.
  • Terra Luna Classic fell 4% after a double-digit rebound.

The struggling Terra Luna Classic (LUNC) altcoin has taken another hit after Bybit, one of the largest centralized exchanges, put a warning label on one of its spot pairs. The issue was first reported by Turkish customers, and then by other regional users. The official warning from Bybit is classified as ‘special treatment’, which could result in LUNC being delisted.

Will Bybit delist Terra Luna Classic?

While the quality control has been imposed on LUNC/USDC, the warning label does not apply to the other trading pair, LUNC/USDT. In addition, since the USTC/USDT pair is still operating normally, the delisting will not affect Terra Classic USD (USTC).

Bybit exchange is issuing a warning message to its users. #away pair.

❎ The message reads: “LUNC does not meet the requirements of Bybit’s governance rules and may be delisted. Please consider your risks and manage accordingly.”

🔅 We found this… pic.twitter.com/9wfk14wuPh

— Crypto News Portal (@TerraNewsEN) August 26, 2024

With a trading volume of $49,811,788 in the last 24 hours, Bybit’s LUNC trading is only 1.19% of the total, while Binance has a large share of over 30% of the LUNC trading volume among centralized exchanges (CEXs).

What’s next for LUNC?

LUNC faces three problems. The Layer-1 altcoin was recently delisted by eToro and Gemini. The Bybit delisting will further reduce the coin’s trading accessibility. Ultimately, Binance will be the leading platform for LUNC trading and burning.

Technically, LUNC is showing a positive signal at 0.10 points in the Chaikin Money Flow (CMF). When it stays above 0, this indicator suggests that large holder activity is recovering, while when the CMF index is negative, it shows weak buying pressure or lack of interest from traders. In addition, the Awesome Oscillator (AO) is showing an increasing positive ratio since August 21, 2024, suggesting that market momentum is growing.

Despite these positives, LUNC has fallen 4% on the daily timeframe and is currently trading at $0.00008808. This is a setback from its monthly high of $0.00009494 reached on the morning of August 26, 2024. LUNC still has a global market cap of less than $500. The price increase of 14.20% over the past 7 days shows its strong resilience against several centralized exchanges that have delisted LUNC.

On the other side

  • While Terra Luna Classic (LUNC) is a spin-off from its founding company, TerraForm Labs, Terra’s bankruptcy in the United States could impact LUNC.
  • Several Terra Classic chain validators have reached out to Bybit’s Turkish customer service for clarification, but the exchange’s staff have not provided any comment.

Why this matters

The ‘ST’ label indicates that the coin is likely to be delisted, in which case traders will be given a timeline to withdraw their funds. Token management rules can vary greatly across platforms, as cryptocurrency exchanges have subjective listing criteria.

Check out DailyCoin’s popular cryptocurrency stories:
Bitcoin Leads Crypto Fund Inflows at $543 Million Amid Expectations of Rate Cuts
Why Fears of Ethereum’s Downfall Are Vastly Exaggerated: Coinbase

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Rune Protocol activity has decreased significantly.

May 12, 2024

10+ Best MetaMask Casinos 2024: Our Top Picks Ranked!

January 18, 2024

Aptos aims to take a bigger share of Bitcoin with this update – Description

August 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.