Terra Luna Classic (LUNC): Rising Rug Pull? Warns Terra Rebels

Written by C, Fiona

Last updated: 2022-10-08

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Terra Rebels’ revival roadmap and active participation of Luna Classic community helped LUNC gain popularity. Terra Rebels ensures the LUNC community remains cautious about rising rug pulls and scams claiming affiliation with the group. Now, reXx, a member of Terra Rebels, again warned that Lithosphere and KaJ Labs Foundation are not affiliated with the developer group.

Rug Pulls and Scams on the Rise Regarding LUNC Burn

reXx, a popular member of Terra Rebels, in a tweet on October 7 warned that Lithosphere and KaJ Labs Foundation have no agreement with Terra Rebels. Also, Terra Rebels is unaware of why the firms mentioned the developer group in its recently released roadmap about supporting Terra Classic and burning 2.5 trillion LUNC tokens.

“I’m not sure why @SuperLitho and @KaJLabs decided to throw TerraRebels name into their medium article, but no such agreement between us and Lithosphere was established. We have never agreed to any announcements. We are not affiliated with this company in any manner.”

Lithosphere and KaJ Labs Foundation aim to implement Terra Classic support in its Finesse P2E games and burn 2.5 trillion LUNC tokens. However, Terra Rebels members and popular community members claim such projects are possibly rug pulls or scams.

Recently, reXx also warned about the Baby Luna Classic rug pull. Moreover, Terra Rebels has no affiliation with projects claiming affiliations with the group. He also said such projects aren’t even built on the Terra blockchain.

The projects are simply using LUNC and Terra Rebels’ names to gain the attention of the active community. On Monday, the world’s largest crypto exchange Binance burned over 5.5 billion LUNC tokens. Projects claiming to burn trillion LUNC tokens are likely unfeasible.

Terra Luna Classic Price Gains Momentum

The LUNC price gained upside momentum after the prices plunged due to South Korea’s escalating action against Do Kwon. The rally came after Terra Rebels released the Terra Classic Revival Roadmap and Binance burn.

Terra Classic (LUNC) price may see another rally after the Binance burn next Monday. At the time of writing, LUNC is trading at $0.00029, down about 1% in the past 24 hours.

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