Lunanauts, a validator for LUNC, shared a plan to provide more support for the LUNC cryptocurrency following a community decision. The announcement made on Monday saw significant interest in the crypto market despite a drop in the token price.
The LUNC token, supported by the Terra Classic community, caught the attention of global crypto investors and traders about a month ago due to its significant price performance in the crypto market after the collapse of the parent company. The current price drop reflects a different manifestation of market sensitivities.
According to an announcement by Lunanauts, they plan to make a $100,000 seed investment to create a pool covering PancakeSwap LUNC and BNB Chain. This situation could create a fluctuation that might attract exchange traders and can be seen as a step to minimize investors’ losses.
Furthermore, the announcement clarified that LUNC would be automatically listed for token purchases on PancakeSwap without any requirements after being added to the list. The community also seems excited. Today’s announcement aims to create opportunities for the Terra-backed token.
Despite the community’s efforts to support the LUNC token economy, today’s price movement is trending downward, causing rumors among crypto market enthusiasts. At the time of writing, the LUNC price has experienced a significant drop of 9% in the last 24 hours and is currently at $0.000148.