Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Finbold, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"Terra Classic (LUNC) has had a rough go of it since the TerraUSD (UST) crash back in May 2022. Since then, the digital asset has been trading at over 99% less than its value had been but despite this, the cryptocurrency continues to enjoy the support of both small and large investors alike. 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 @TMMCryptos, the crypto exchange staked 47.9 billion LUNC tokens. https:\/\/twitter.com\/TMMcryptos\/status\/25415680?s=20&t=rU3qZBe3CxrDwaU6YQDQmQ At the time, the massive staked figure from KuCoin brought the total staked tokens on the supply to 13.8%. By staking the tokens, KuCoin entered into the network once again, and its staked volume means that the exchange now controls 5.09% of the voting power on the network. Related Reading: Bearish Signal? DCG Starts Selling Grayscale Crypto Shares At Almost 50% Discount Almost 1 trillion LUNC tokens have now been taken out of circulation through staking. This represents just under 15% of the 6.9 trillion circulating supply of the digital asset. At the time of this writing, there are now over 200,000 delegators on the Terra Classic network. KuCoin\u2019s massive stake comes just two months after the exchange had unstated 48 billion, citing a switch in internal financial accounts pledge node.\u00a0 Terra Classic On The Charts Following the news of KuCoin\u2019s 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\u2019s price spiraling once more. Related Reading: Here\u2019s What Could Stop The Altcoin Bull Rally Dead In Its Tracks 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: LUNCBUSD on TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Finbold, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":519122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85583],"tags":[15862,86067,87804,86977,86796,86254],"class_list":["post-519121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-terra-luna","tag-kucoin","tag-lunc","tag-lunc-staking","tag-luncusd","tag-luncusdt","tag-terra-classic"],"acf":[],"yoast_head":"\n
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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"KuCoin Stakes 47.9 Billion LUNC Tokens, Good News For Holders?","url":"http:\/\/wncen.com\/news\/terra-luna\/kucoin-stakes-47-9-billion-lunc-tokens-good-news-for-holders\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/terra-luna\/kucoin-stakes-47-9-billion-lunc-tokens-good-news-for-holders\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Terra-Classic-LUNC.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Terra-Classic-LUNC.jpeg?fit=1024%2C621"},"articleSection":"Terra (LUNA)","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["kucoin","lunc","lunc staking","luncusd","luncusdt","terra classic"],"dateCreated":"2024-02-09T23:00:28Z","datePublished":"2024-02-09T23:00:28Z","dateModified":"2024-02-09T23:00:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"KuCoin Stakes 47.9 Billion LUNC Tokens, Good News For Holders?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/terra-luna\\\/kucoin-stakes-47-9-billion-lunc-tokens-good-news-for-holders\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/terra-luna\\\/kucoin-stakes-47-9-billion-lunc-tokens-good-news-for-holders\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Terra-Classic-LUNC.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Terra-Classic-LUNC.jpeg?fit=1024%2C621\"},\"articleSection\":\"Terra (LUNA)\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"kucoin\",\"lunc\",\"lunc staking\",\"luncusd\",\"luncusdt\",\"terra classic\"],\"dateCreated\":\"2024-02-09T23:00:28Z\",\"datePublished\":\"2024-02-09T23:00:28Z\",\"dateModified\":\"2024-02-09T23:00:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Terra-Classic-LUNC.jpeg?fit=1024%2C621","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519121"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=519121"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/519121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/519122"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=519121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=519121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=519121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}