Post
Topic
Board Altcoin Discussion
Re: Binance Suspend Terra LUNA Coins!
by
pawanjain
on 14/05/2022, 11:58:20 UTC
Yes, it's already done. Binance has delisted all the pairs of Luna and UST from the exchange.
So LUNA is officially non-tradable on binance. Crypto community is witnessing something never happened before.
The collapse of a whole ecosystem in a matter of few days.
Maybe you should check the latest tweet from Binance, they have restored trading for the luna coin and that means they have resumed listing to be added back in the spot trade, but I'm really looking forward to the latest news from Terra as they plan to burn 70% of the total supply.

As far as I know, restored trading for the luna coin is due to investors' desire to convert Luna to other assets so Binance decided to restore it.
Before that, terra announced that they give up luna to save ust and they increased luna supply to 700 billion luna making the price of this coin almost zero and now they claim to use the rest of LFG's funds to buy back Luna and burn them. Now be sober don't believe anything from scammers.

You are right. Even though Binance has started the trading pair for LUNA again it doesn't mean we should go and buy it.
Nobody in their right mindset will think to "invest" in LUNA again. The only people buying LUNA will be traders to gain short term profits.
LUNA is pretty much collapsed and any attempt to revive the coin will just be in vain because people have lost faith in it.