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This is Not the Right Time to Acquire LUNC: Crypto Analyst

Published 10/14/2023, 05:35 PM
Updated 10/14/2023, 05:45 PM
This is Not the Right Time to Acquire LUNC: Crypto Analyst

  • According to Classy Crypto, this is not the right time to acquire LUNC.

  • Classy Crypto thinks LUNC’s current situation is very concerning.

  • Blacklisting a wallet is a serious problem in a decentralized ecosystem.

According to Classy Crypto, a renowned Terra Luna Classic analyst on YouTube, this is not the right time to acquire LUNC, the native token of Terra Classic. Classy Crypto noted his reason to be because LUNC’s current situation is very concerning.

The LUNC analyst observed a couple of proposals in the LUNC community that have been gaining traction, with one of them recently blacklisting a wallet. Classy Crypto considers blacklisting a wallet to be serious in a decentralized ecosystem. He likened it to opening a Pandora’s box, which could lead to several other wallets becoming blacklisted.

The renowned analyst questioned the community’s decision to welcome a proposal to blacklist wallets, even when it did not deploy such measures at more crucial moments. He specifically mentioned when Terra Luna Classic was hacked as a time when wallets could have been blacklisted to recover millions of dollars. Instead, wallet blacklisting is now happening at a…

The post This is Not the Right Time to Acquire LUNC: Crypto Analyst appeared first on Coin Edition.

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