Terra Classic community's insistence on Coinbase continues with 200k Tweets
Terra Classic investors have been pushing hard since last week for LUNC to be listed on the Coinbase (COIN) exchange.
The ultimate goal of the Terra Classic community is to reduce the circulating supply of the cryptocurrency. The community wants the cryptocurrency to be listed on more exchanges, both to increase LUNC trading and to make more use of the 1.2% burn mechanism. Their new target is Coinbase, the largest cryptocurrency exchange in the US.
Coinbase stopped trading the LUNA token after the Terra collapse and has yet to list the LUNC token, which was renamed LUNC after the blockchain restructuring.
According to the latest data, Coinbase had a trading volume of $1 billion in the last 24 hours. This makes the cryptocurrency exchange the 3rd largest platform. In this context, the LUNC community believes that the burning mechanism will accelerate after a possible listing.
Therefore, the community continues to work on Twitter to attract Coinbase's attention. So far, tweets with the #coinbaselistlunc tag have exceeded 200 thousand. However, there has been no statement from the Coinbase front yet. However, LUNC fans remain confident that Coinbase will respond positively to this request in a short time.
Recently, Terra Classic developers activated the 1.2% burning mechanism, and during this time, many exchanges, including Binance, activated the LUNC burning mechanism.
The latest situation in LUNC price
Following Binance's announcement last week that it would apply the burning mechanism to all trades, including spot and futures, the LUNC/USD pair surged nearly 60% in one day to $0.00032.
The altcoin, which saw a partial correction to the $ 0.00027 band later in the week, rebounded and rose up to $ 0.000034 with a 32% increase in value in the last 5 days. The $ 0.0003 level remains current as support for LUNC.
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