Will Terra Classic (LUNC) Be Dead?

Arrow

Luna Classic holders were waiting for the upcoming 1.2% tax implementation, after which the network would take a step toward becoming deflationary.

Despite the tax hype network might just be dead and face the enormous selling pressure caused by the "sell-the-news" event.

Unfortunately, most centralized exchanges stated that they are not going to accept the 1.2% burn tax.

The tax implementation did not lead to any major spike in the usage of the network or in price performance.