Binance Suspend Terra LUNA Coins!

[kelonmusk]

It's a shame that major exchange Binance has made such a quick decision to remove the LUNA coin from their platform. If in the next few days there is no change in the selling value, of course it could have an impact on other platforms/exchange as well. I don't know what Developer next plan is to tackle this problem. whatever it is, me wish LUNA the best, on the one hand I have also lost money because of this coin 

Maybe, binance wants to get out of this mess before it becomes worst.
We don't know if there is still future for this algo-based stablecoin
It depends on the team behind this project if they want to rise up or let it continue to decline.
This is one of the many reasons why people are getting disappointed with crypto.
Getting rekt without a warning, thinking that they bought a valuable coin, but it is not.

At first I thought this project would also be valuable in the future that's why I invested a small part of my savings in LUNA coins. There's no doubt that investors out there have lost a lot of money compared to a fraction me mine.
and now most of the exchanges started to suspend LUNA coins.
I have just trying to withdraw the small of LUNA left on the FTX exchange which i frequently use as daly trading. no loopholes to withdraw/convert into fiat/coins available for LUNA pairs.
very bad! there is no doubt that sooner/slower this project will die.

[BlackBaron]

Yeah, and we all know how big Binance is, so it will have a drastic effect on other crypto exchanges and could follow their lead on the suspension of LUNA.

It went to almost 0 and that is the main reason why they halted the trading, otherwise there will be thousands of investors that are going to lose money here because of what happen to LUNA and their stable coins.

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.

[arifteguhr]

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 .

[kidbounty]

Binance should have done this sooner, maybe while the price is still around 3-5$. if it was done yesterday there might be a lot of people who
can survive this destruction. but the steps they took were very slow the price had fallen out of control to a terrifying extent. and everyone but futures traders suffer losses.

[rum19980]

Binance SCAMEERS arre INVOLVED with LUNA SCAM
They didn't delist till it drop to ZERO even that they know LUNA devs was creating
 more supply and dumping in their Platform at least if they did suspend the Deposit

[cryptoaddictchie]

I believe maybe bianance will delist LUNA because there is no hope anymore, many have been victimized by LUNA then maybe we should be more careful in choosing coins for investment

This is an immediate action by Binance, I just wonder how about those who purchased the tokens to their exchange. Their withdrawal and deposits arent activated, is that considered a loss money? Cause for sure there is somewhere trading on other centralized market or dex trading luna.

[asyakashi]

what happened to LUNA is no longer the all-time low, but they are subtly headed for destruction. I think they have no way back, the team has no idea to restore the price, all the bitcoins used as collateral for UST were liquidated by them. The only thing we can do is leave these coins, we will only spend assets on these dead coins.

[Wildwest]

This project is indeed not what we have predicted, and I believe no one else believes in this project, a decline that is very painful for investors and I believe the biggest loss that has ever been experienced by some investors and no one expected this project to be suspended by binance and other exchanges also did the same because of its very low value at this time, May LUNA be a lesson for all of us in investing.

[alisonwonder]

what happened to LUNA is no longer the all-time low, but they are subtly headed for destruction. I think they have no way back, the team has no idea to restore the price, all the bitcoins used as collateral for UST were liquidated by them. The only thing we can do is leave these coins, we will only spend assets on these dead coins.

That there is no hope for Luna to return at a certain price because any attempt will not succeed in resurrecting the Luna project. That is true about your opinion, it is better to leave these coins because monitoring the coins will likely make someone to scalping because there is a certain recovery factor in the movement pattern.

[Maestro75]

I think Binance is harsh by its decision of suspending Luna trades and at the same time disabling withdrawals for it. That is not good. I do not know why Binance rushed to do that. Even if they want to suspend the token maybe because of  low trade volume, that is no problem. It is their business to protect but they should allow traders have the ability to withdraw their Luna to private wallets or to any other exchange exchange they want. And not disable withdrawal.

[masterrex]

statistics Price Terra LUNA Coins

All-Time High = $119.18   -----   All-Time Low = $0.056025

Bad news that Binance started suspending this coins. as soon as possible for you to withdraw LUNA coins stored on the Binance Exchange!

https://ibb.co/C1BsRKC
https://twitter.com/binance
https://coinmarketcap.com/currencies/terra-luna/
https://www.coingecko.com/en/coins/terra-luna

Yeah, but I guess the Terra Luna team has already announced that they have cooking something, and I hope this is good enough to save the project, Anyway, the Binance exchange move is a positive response to address any untoward incidents that waiting to happen if the Terra Luna problem will continue to get worse in the days to come so it is important to remain vigilant as always.

[pawanjain]

I believe maybe bianance will delist LUNA because there is no hope anymore, many have been victimized by LUNA then maybe we should be more careful in choosing coins for investment

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.

[Maestro75]

Anyway, the Binance exchange move is a positive response to address any untoward incidents that waiting to happen if the Terra Luna problem will continue to get worse in the days to come so it is important to remain vigilant as always.

Binance is condemning Luna on Twitter because of what has happened to Luna and that shows how no one wants to help you out when you are in a mess. Binance should enable withdrawal for those who want to withdraw and then continue to suspend trading activities on its exchange if it likes. It does not concern me. Am suspecting Binance for quickly closing the withdrawal tab. What is Binance hiding. We know how exchanges can suspend or delist tokens but they always find a way of allowing withdrawal. Binance move is not a positive one.

[cdog]

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.

[BlackBaron]

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.

Will binance attempt to resume listing in Luna trading be a new step to restore the luna price, but it is too risky to follow because the pumped price movement pattern will be easily discarded after the whales take profits, but I will try to place an order at the lowest price with the allocation of funds minimum for unexpected profits in the next few years.

[lalabotax]

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.

I am quite surprised when Binance once again announced Luna's trading resumed in the Spot market. after a few hours ago Binance announced about delisting pairs of Luna. Well, maybe within more considerations, finally Binance list trading pair for Luna again in their Spot market. They also open deposits and also withdrawals at the same time, 2022-05-13 at 14:00.
But, for the future market, it seems that Binance still delist Luna pairs.
https://www.binance.com/en/support/announcement/f0c1cc8fb6454d1aa253bd6aec52580c

[DanWalker]

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.

[justdimin]

Binance has completely suspended all the trading pairs for Luna. A few hours ago, they've remained Luna/BUSD but eventually, they've announced that it's also closed.
They're going to put it back once the network is working again. I see a lot of people are quick in buying of thousands to millions of Luna and hopefully, they didn't bought it just to lose.

At this point they may never list it back again. I mean all they care about is the volume, and not having any problems at all. This means that they could end up with listing it again when all is settled and there are no more problems and they can make some profit from the volume.

However, reality is that many people will not be able to trade it too much, they will want to sell and get rid of it if they can, but they will not be able to buy too much, they won't care for it. The printing of new Luna reached to an insane level and I doubt it will ever worth anything ever again, it's impossible to go from few hundred million to few hundred billion coins and stay the same.

[ninis45]

they will want to sell and get rid of it if they can,

I see many holders don't trust Luna anymore so most of them can't do anything..
want to throw it away can't with its worthless value and plus some exchanges have been suspended and I'm disappointed in myself for buying it

[pawanjain]

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.