The effect of the delisting announcement from the Binance Exchange will have a major impact on Luna coins as binance has abandoned Luna trading due to the massive crash factor in the no-return price. I think Binance was late in announcing the delisting due to high losses from new investors who had bought at prices below $0.01.
I already suspected that binance would delist Luna coins as the price had dropped drastically, but I share the same view as you if Binance is still considering delisting at a price that is too low and Binance should implement new rules for delisting so as not to cause losses to new traders buying low prices .