Luna Classic (LUNC) in the Red as Terraform Labs Insists It Is Not a Security

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Luna Classic (LUNC) in the Red as Terraform Labs Insists It Is Not a Security
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The $LUNC token has experienced insane volatility this month

The Singapore-based firm criticized South Korean prosecutors for opening a “highly politicized” case against the company.Luna Classic , the remnant of the collapse, is currently down 0.51% on the Binance exchange, trading at $0.000276 at press time.The token experienced a wild rally earlier this month because of speculators. On Monday, the token soared roughly 60% after cryptocurrency giant Binance confirmed that it would implement a burn mechanism on trading fees for the LUNC token.

The token soared higher in spite of the drama surrounding Terra founder Do Kwon, who was slapped with an

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