Terra Luna Classic (LUNC): Rising Rug Pull? Warns Terra Rebels
Terra Rebels’ revival roadmap and active participation of Luna Classic community helped LUNC gain popularity. Terra Rebels ensures the LUNC community remains cautious about rising rug pulls and scams claiming affiliation with the group. Now, reXx, a member of Terra Rebels, again warned that Lithosphere and KaJ Labs Foundation are not affiliated with the developer group.
Rug Pulls and Scams on the Rise Regarding LUNC Burn
reXx, a popular member of Terra Rebels, in a tweet on October 7 warned that Lithosphere and KaJ Labs Foundation have no agreement with Terra Rebels. Also, Terra Rebels is unaware of why the firms mentioned the developer group in its recently released roadmap about supporting Terra Classic and burning 2.5 trillion LUNC tokens.
“I’m not sure why @SuperLitho and @KaJLabs decided to throw TerraRebels name into their medium article, but no such agreement between us and Lithosphere was established. We have never agreed to any announcements. We are not affiliated with this company in any manner.”
Lithosphere and KaJ Labs Foundation aim to implement Terra Classic support in its Finesse P2E games and burn 2.5 trillion LUNC tokens. However, Terra Rebels members and popular community members claim such projects are possibly rug pulls or scams.
Recently, reXx also warned about the Baby Luna Classic rug pull. Moreover, Terra Rebels has no affiliation with projects claiming affiliations with the group. He also said such projects aren’t even built on the Terra blockchain.
The projects are simply using LUNC and Terra Rebels’ names to gain the attention of the active community. On Monday, the world’s largest crypto exchange Binance burned over 5.5 billion LUNC tokens. Projects claiming to burn trillion LUNC tokens are likely unfeasible.
| Download App for Android | Download App for iOS |
Terra Luna Classic Price Gains Momentum
The LUNC price gained upside momentum after the prices plunged due to South Korea’s escalating action against Do Kwon. The rally came after Terra Rebels released the Terra Classic Revival Roadmap and Binance burn.
Terra Classic (LUNC) price may see another rally after the Binance burn next Monday. At the time of writing, LUNC is trading at $0.00029, down about 1% in the past 24 hours.
Read More:
LUNA Classic Burn: Will LUNC Burn Its Supply?
Pi Network Mainnet: When Is Pi Coin Launching?
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
Exchange for a better future
- Terms & Agreement
- Customer Service
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2024 BTCC.com. All rights reserved