LUNA and UST were having a bad day in the bear market and their decline could not be stopped. Simple mistakes made cause a promising and big project to go to waste. UST failed to stay at $1. The LUNA, which was $100 last month, fell until it became a worthless asset. For the first time, I watched live the progress of a big project towards garbage.
I know LUNA investors are pretty bad and I'm really sorry for them. I have no idea if Luna can still be saved, but thousands of people paid for the mistake of a few people by losing money.
I was just following the LUNA chart on Binance, and suddenly I saw the 404 page.
https://www.binance.com/en/trade/LUNA_BUSD & https://www.binance.com/en/trade/LUNA_BUSD
Source
Only the LUNA/BUSD and UST/BUSD pairs remained in Spot Trading on Binance, and the others had already been delisted. And those too have been suspended.
I checked the official twitter account to see if Binance had made a statement with this. Yes, this announcement was made about an hour ago.
Many were wondering if LUNA could be saved. Some were waiting anxiously, while others were buying at very low prices. What worries me the most is that major exchanges could delist them. Unfortunately this has happened and LUNA and UST are no longer listed in spot trading on Binance.
Although some exchanges trade LUNA, the difference is unbelievable. According to Coinmarketcap data, LUNA is trading at $0.00003553. According to Coinecko data, LUNA is trading at $0.000001008.
Even though I didn't have an investment in LUNA, I never wanted this collapse to happen because thousands of people had bought LUNA on trust. A promising big project is very close to being trashed because of the mistake or stupidity of a few people. I'm so sorry for all the people who lost their money. I have no idea what will happen next, but I hope you get your losses back.
Although I don't want them to be delisted on major exchanges, I think this decision could end the bear market much sooner. We'll wait and see.