Terra Luna Classic (LUNCUSD)

[xZx]

how i read it is a few centralized exchanges said they would delist LUNA. coinbase has said WLUNA will cease trading, too. but defi platforms like pancakeswap can continue to list it.

i have no way of predicting what pancakeswap will do, but it's just a contract on the blockchain, and anyone who wants can buy it and sell it.

again i'll use the dogecoin example. it was not listed on robinhood for a long time. doge had been created, then pumped and dumped, by a few groups, before elon mentioned it on twitter one day.

that's when i thought there could be a run coming.

and sure enough, robinhood listed it. i think the price was .0012, even lower.

during the doge run lots of CEX (centralized exchanges) listed it.

so the same can happen with LUNA. if a few CEXs drop it, whales can load the dip on pancakeswap, or other DEX (decentralized exchanges).

and if a move to add big value to LUNA happens, then media picks up the story, watch a new round of CEXs enter the picture, offering to relist or list LUNA.

this is why it's so important for traders to avoid using CEX and learn to trade with a software (or hardware) wallet, funding purchases with BNB, or ETH, whatever chain the asset is on. the best prices (often times 1/100th or 1/1000 less) are going to be found on a DEX when most of the market isn't even watching.