WLUNA Contract Bridge Spells Trouble for the Terra Luna Community

By WILL Izuchukwu June 14th, 2022

Wrapped Luna Classic ($WLUNA) is an Ethereum token designed to represent Terra ($LUNA) on the blockchain.

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$WLUNA

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$WLUNA

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$WLUNA

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$WLUNA

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$WLUNA

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$LUNA vs $LUNC

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The contract bug is misleading traders and causing mass confusion in the market for traders.

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We can only hope that the contract is fixed ASAP and exchanges update WLUNA to WLUNC if it’s indeed tracking LUNC.

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WLUNA Contract Bridge Spells Trouble for the Terra Luna Community

THE VR Soldier

Wrapped Luna Classic ($WLUNA) is an Ethereum token designed to represent Terra ($LUNA) on the blockchain.

$WLUNA

Initially, $WLUNA was an Ethereum ERC20 token that tracked the value of the old $LUNA coin

$WLUNA

However, the $WLUNA ticker has been deprecated on most wallets since the fork and rebranded as $WLUNC.

$WLUNA

There was no airdrop of (new) $LUNA coins for $WLUNA balances. The $WLUNA ticker has yet to be changed to $WLUNC.

$WLUNA

Instead of tracking the old $LUNC coin as it should, $WLUNA is following the new $LUNA coin. A mistake...

$WLUNA

The WLUNA contract bug is causing significant confusion in the Terra Luna community, and traders are angry that their inflated token balances are incorrect.

$LUNA vs $LUNC

$LUNA is currently trading at $2.50, while $LUNC is trading at $0.00005954.

The contract bug is misleading traders and causing mass confusion in the market for traders.

Uh oh...

We can only hope that the contract is fixed ASAP and exchanges update WLUNA to WLUNC if it’s indeed tracking LUNC.

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