Why the LUNA and UST Issue ? And why were they delisted from Suncrypto Exchange ?

Let’s take a quick look at the article to know about this issue

The Terra Network has 3 coins: UST, LUNA and ANC. The ecosystem has adopted UST as a stable coin, leading to the interlinking of LUNA and UST. The issue started when Terra’s algorithmic-based Stable coins TerraUSD (UST) started falling. This led to large-scale selloffs. of the LUNA tokens due to the algorithmic stable coins reported.

On the other hand, Anchor is a lending protocol on the Terra network, which pays out a yield of up to 20% to UST depositors through yield reserves. The ANC price crashed due to the loss of confidence in UST and the Terra ecosystem as a whole, as a result of the UST de-pegging.

Why does Sun Crypto stop trading Luna?

May top exchange of the world is suspended Luna trading pairs. A lot of Luna supply increased these days and investors continue to suffer huge losses. Due to the high volatility of Luna trading pairs, the exchange has delisted Luna trading pairs. In addition, SunCrypto has suspended the trading pair LUNA / INR, and the liquidity provider exchange has also suspended Luna trading, so we are facing the problem of gaining the liquidity of the Luna-provided pair. .. As a result, Sun Crypto has temporarily suspended the LUNA / INR trading pair.

Can LUNA / INR trading be started on Sun Crypto?

Yes, when the liquidity provider exchange initiates Luna trading, LUNA / INR trading will also resume.

Is my money safe with Sun Crypto?

Yes your fund is safe with SunCrypto. You can access your fund (LUNA) in your portfolio section. You are able to see your fund quantity in portfolio section in Suncrypto App.

Why Luna fund value are not showing in portfolio?

Dear users we suspended trading of Luna so luna price can not accessible form our liquidity provider exchange. When trading will be start your fund value shown in app.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you to please do your own research or consult an expert before making any investment decision. You may write to us at [email protected].

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