Crypto Exchange KuCoin Stakes 47.9 Billion LUNC
On Wednesday, reports made the rounds on Twitter that crypto exchange KuCoin had become one of the largest stakes of Terra Classic (LUNC). According to the tweet posted by a user who goes by , the crypto exchange staked 47.9 billion LUNC tokens. //twitter.com/TMMcryptos/status/25415680?s=20&t=rU3qZBe3CxrDwaU6YQDQmQKuCoin’s massive stake comes just two months after the exchange had unstated 48 billion, citing a switch in internal financial accounts pledge node.
Terra Classic On The Charts
Following the news of KuCoin’s 47.9 billion tokens stake, the price of LUNC responded positively. The digital asset saw a small increase but this would quickly change. On Wednesday, the price of LUNC crashed to $0.00017. A small recovery would see it rise above $0.00018 but this would only be short-lived as a crash in the early hours of Thursday sent the token’s price spiraling once more. Presently, the price of the digital asset is seeing significant resistance at $0.00019 which makes it the level to beat if bulls are to maintain upward momentum. On the flip side, a dip below $0.00016 will trigger a rapid decline for LUNC, putting it in freewill to $0.00015. But as long as bulls are able to hold above $0.0017, there is good momentum for the cryptocurrency. At the time of writing, LUNC is changing hands at a price of $0.000175. It is down 3.97% in the last 24 hours but is seeing slight gains of 1.99% on the 7-day chart.LUNC price sitting above $0.00017 | Source: