Are LUNA And UST Delisted On Major Exchanges? Binance Suspends LUNA And UST Spot Trading
LUNA and UST were having a bad day in the bear market and their decline could not be stopped. Simple mistakes made cause a promising and big project to go to waste. UST failed to stay at $1. The LUNA, which was $100 last month, fell until it became a worthless asset. For the first time, I watched live the progress of a big project towards garbage.
I know LUNA investors are pretty bad and I'm really sorry for them. I have no idea if Luna can still be saved, but thousands of people paid for the mistake of a few people by losing money.
I was just following the LUNA chart on Binance, and suddenly I saw the 404 page.
https://www.binance.com/en/trade/LUNA_BUSD & https://www.binance.com/en/trade/LUNA_BUSD
Source
Only the LUNA/BUSD and UST/BUSD pairs remained in Spot Trading on Binance, and the others had already been delisted. And those too have been suspended.
I checked the official twitter account to see if Binance had made a statement with this. Yes, this announcement was made about an hour ago.
Many were wondering if LUNA could be saved. Some were waiting anxiously, while others were buying at very low prices. What worries me the most is that major exchanges could delist them. Unfortunately this has happened and LUNA and UST are no longer listed in spot trading on Binance.
Although some exchanges trade LUNA, the difference is unbelievable. According to Coinmarketcap data, LUNA is trading at $0.00003553. According to Coinecko data, LUNA is trading at $0.000001008.
Even though I didn't have an investment in LUNA, I never wanted this collapse to happen because thousands of people had bought LUNA on trust. A promising big project is very close to being trashed because of the mistake or stupidity of a few people. I'm so sorry for all the people who lost their money. I have no idea what will happen next, but I hope you get your losses back.
Although I don't want them to be delisted on major exchanges, I think this decision could end the bear market much sooner. We'll wait and see.
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I thought it was reopened after closing, I guess it's a decision that would give a better outcome I hope.
I feel really sad for Luna investors, they are sure going through a lot right now 🤦♀️ but it's all part of the crypto world, we loss to gain.
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Risk is inherent in this market. We have to do risk management well, otherwise such losses will not be the first and not the last. Yes, I am incredibly sorry. Thousands of people suffered great losses. There were even those who took a loan from the bank and bought LUNA, this is really scary.
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Damn! I feel sorry for them really... I would never see reasons to taking loan to invest in something, doesn't make sense at all.
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It certainly doesn't make sense, but unfortunately not everyone can think of it. Advertisements on social media push people into a fantasy world. Most people are not interested in the inside of the projects, they look at how high they go. Unfortunately, they learned this through bad experience. I hope it doesn't get any worse and people can make up for their loss as soon as possible. It is very difficult, but I want to hope for it.
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I hope so too, I think it has gotten to the worse it can get or maybe I'm just trying to console myself with that fact 😅
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I think the blockchain was closed and then it was restarted. So it's not the exchanges.
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Oh great! No problem then
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I think you might be confused. I think the exchanges have delisted LUNA. However, the blockchain was taken down and then brought back up. So I still think the exchanges have delisted LUNA.
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Oh I get it now, thanks
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I see it in the headlines now UST/LUNA pairs delisted on Binance. It is shocking to Luna trading at $0.00001097, UST $0.112707 this is scary stuff.
Crazy how UST/Luna crashed this low basically to dust!
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I guess other exchanges are following Binance right now. Data no longer comes to crypto tracking platforms. It's pretty sad to see how very simple mistakes become uncontrollable. I'm not sure, but I think an investigation has been launched against the luna foundation. We will see more clearly what they hide from us.
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I saw another headline say the wife of Do K seeks police protection, it going to be brutal. Really disturbing on how people lost money.
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Who will protect them from the investigation? They have hurt so many people. I don't know how much responsibility they have in this job, but those responsible should be punished.
Although I do not have an investment in Luna, I am very sorry. I can't even imagine those who have investments. What a bad situation.
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We will see how the cause of the crash will be revealed over time, as for us lessons to take from this is stick to projects that we know and trust.
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That's the key point, it's important to learn from what happened. Worse has happened before and it will happen in the future. As I have mentioned many times, it is important to manage risk well. And it is necessary to be ready for a bear market and a bull market at all times, that's the nature of the crypto market.
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Yea I don't wish for anyone to lose money but I think most people have just lost faith in the stablecoin and most stablecoins rely on trust. Unless your backed 1:1 by USD, then that trust is vital. I am not really sure we are the end of the bear market because economic situations around the world are still quite bad.
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I think it depends on Bitcoin whether the bear market is over or not. Although trust in stablecoins has waned, many people still seem to trust Bitcoin. Bitcoin is looking pretty strong, which could make the bears give up. But it is still necessary to be careful, it is not clear what will happen. We may see a stronger bear market. Or bull run, I think we should be ready for both.
Yes, the economic problems in the world are very bad and I think these economic problems are very difficult to solve. I also think that the economic problems will deepen. We may hear that some countries are going bankrupt soon. A bankrupt country's local currency may experience the same thing that UST did.
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