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Breaking: Here’s Why KuCoin Undelegated 48 Billion Terra Classic ($LUNC) Tokens

Crypto exchange KuCoin on December 30 undelegated all 48 billion Terra Classic (LUNC) tokens. This led to the Terra Classic validator KuCoin fall in voting power down to 0.21% and rank to 44th on the validator list.

KuCoin on Thursday revealed that it will continue the pledge of LUNC tokens after the 14-day lock period. The reason to undelegate LUNC tokens was part of a normal node switch.

(By Varinder Singh)

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