{"id":137754,"date":"2023-09-02T05:09:40","date_gmt":"2023-09-01T23:39:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137754"},"modified":"2023-09-02T05:09:40","modified_gmt":"2023-09-01T23:39:40","slug":"heres-why-terra-classic-lunc-and-terra-luna-prices-fell-10-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/heres-why-terra-classic-lunc-and-terra-luna-prices-fell-10-crypto-news\/","title":{"rendered":"Here’s Why Terra Classic (LUNC) and Terra (LUNA) Prices Fell 10% – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Terra Classic (LUNC) and Terra (LUNA) prices fell more than 10% in the last 24 hours. The Terra Luna Classic community believes that the selloff happened in response to the community rejecting prominent member LUNC DAO\u2019s proposal to lead the chain and influencer Classy Crypto selling his validator to LUNC DAO. While it will impact the community\u2019s sentiment, these are not the exact reasons for a selloff.<\/p>\n

Terra Luna Classic Price Fell Amid Broader Crypto Market Selloff<\/h2>\n

Crypto exchange Binance\u2019s announcing shut down of its crypto payments service amid plans to refocus on core products caused a sudden selloff in the broader crypto market.<\/p>\n

<\/p>\n

\"Terra\"Terra Last week, the Terra Luna Classic community voted to reject a poll to make LUNC DAO a leader of the chain and choose governance. After LUNC and LUNA prices fell 10%, LUNC DAO said whales<\/span> are responding to community disobedience of him by dumping prices.<\/span><\/p>\n

\n

$LUNC<\/a> whales are responding to community disobedience of me by dumping. Remember, by being disobedient, you not only lose me, but all my heavily invested whale\/builder friends too. You chose this.<\/p>\n

\u201cBut but we are 80% obedient\u201d<\/p>\n

<\/p>\n

Don\u2019t care, go eliminate the disobedient 20%<\/p>\n

\u2014 \ud83d\udc02\ud83d\ude4f \ud835\udc0e\ud835\udc17 \ud835\udc03\ud835\udc00\ud835\udc0e \ud83d\ude4f\ud83d\udc02 (@OX_DAO) August 15, 2023<\/a><\/p>\n<\/blockquote>\n

Classy Crypto, who sold his Classy\u2019s Sphere validator to LUNC DAO for $10k, cleared<\/a> the air that he didn\u2019t dump his entire LUNC holding. However, he believes that LUNC DAO is selling LUNC tokens. Meanwhile, the community members committed to the chain is buying LUNC tokens from the dip.<\/p>\n

\n

This is undeniable proof that OX DAO (Formerly known as $LUNC<\/a> Dao) is trying to take over #LUNC<\/a> by dumping the price. pic.twitter.com\/kqtDdwIxbr<\/a><\/p>\n

\u2014 Classy \ud83d\udd2e (@ClassyCrypto_) August 15, 2023<\/a><\/p>\n<\/blockquote>\n

Stablechen and LUNC DAO are trying to take control of Terra Luna Classic and the community is fighting against it. However, selloff by whales is a big concern for the LUNC community.<\/p>\n

Read More: <\/strong>Bitcoin BRC-20 Bridge Coming To Terra Luna Classic, LUNC & USTC To $1?<\/a><\/p>\n

LUNC and LUNA Prices Collapsed<\/h2>\n

<\/p>\n

LUNC price currently trades at $0.000069, down 10% in the past 24 hours. The 24-hour low and high are $0.0000646 and $0.0000778, respectively. However, the trading volume has increased by 150% in the past 24 hours.<\/p>\n

USTC price also fell 8% in the past 24 hours, with the price currently trading at $0.014. The USTC repeg<\/a>\u00a0narrative is slowly fading amid uncertainty.<\/p>\n

Meanwhile, Terra (LUNA) price dropped more than 10% in 24hrs, with the price currently trading at $0.49. However, trading volume increased by 70% in 24hrs.<\/p>\n

Also Read:<\/strong><\/p>\n

<\/p>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Terra Classic (LUNC) and Terra (LUNA) prices fell more than 10% in the last 24 hours. The Terra Luna Classic community believes that the selloff happened in response to the community rejecting prominent member LUNC DAO\u2019s proposal to lead the chain and influencer Classy Crypto selling his validator to LUNC DAO. While it will impact […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-137754","post","type-post","status-publish","format-standard","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=137754"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137754\/revisions"}],"predecessor-version":[{"id":148316,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137754\/revisions\/148316"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}