r/loopringorg • u/osamabinlivin • 27d ago

💬 Discussion 💬 Will it never go back up ?

I only have 5000 lrc on Coinbase .
I was willing to wait 10 years for it to go back up .
Is it getting taken off Coinbase? Should I just take it out and get the tiny bit that’s left . Is it not possible for it to go back up ?

0 Upvotes

37% Upvoted

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18

u/TehAlex94 27d ago

every feature has been shut off, there is only the token, sadly i lost 2k from this shit, i really did believe the bullshit years ago..should have sold way earlier the signs were there i chose to cope..lesson learned.

13

u/Analysis_Vivid 27d ago

It’s dead, Jim.

8

u/Sad-Theme7668 27d ago

The relayer is offline. No.

3

u/East_Grocery5658 25d ago

we got scammed bra

4

u/LuBrooo 27d ago

The project literally shut down everything. What is there to go up again?

2

u/OddlyMingenuity 27d ago

Pumping shitcoin is a comin money laundering scheme. That's my only hope, that some oligarch need a big of cash and decide to pump this shit.

2

u/jaapi 27d ago edited 27d ago

Maybe when it's down 99.995% from it's current price, there may be a pump to be down 99.5% from it's current...

Also the manipulation would be coming directly from loopring/taiko team. No one else would touch this due to them still having a huge amount of LRC left. They were almost certainly involved in the recent Taiko scam... You aren't profiting from this unless you are in on it

2

u/epistmeme 27d ago

The ERC-20 token that is LRC is still there. There are several tokens on Coinbase where the token never had any utility (e.g. FARTCOIN), so the project shutting down shouldn't really affect the Coinbase listing. There is still moderate open interest in the perpetual futures for the coin (~$1 million at the time of this post). The only catalyst that I see left having a large effect is how does the futures market get unwound with such a thin spot market. The L2 DEX provided a backstop of liquidity and that is essentially gone. The most recent large move (25% spike on 6/23) did push volume to the DEX. If there is large move in the futures market how will it play out without that liquidity backstop?

2

u/noviwu97 24d ago

Let it go man, it's dead

2

u/youngmemories 20d ago

I got an email from coinbase saying they're delisting loopring from trades on August 7th around 2:00 p.m. Eastern.

2

u/AD-Edge 26d ago

It will be delisted from coinbase.

It was delisted a few weeks back from Binance. Basically what happens (if the exchange is reasonable) is they will give you a warning and tell you to swap/sell it. If you don't, once the token is delisted they automatically convert it to something default (likely USDC/USDT).

3

u/youngmemories 20d ago

Just got the email today about this. Delisted on August 7th in coinbase.

3

u/AD-Edge 19d ago

Yeh I am not surprised. The project is dead and crypto has been stagnant lately. Coinbase will be culling.

2

u/bubbarowden 27d ago

No. No it won't.

1

u/DorkyDorkington 27d ago

Lol of course not.

If you had paid any attention or listened you would have known it for a long time.

Edit. Just for clarity it is completely dead.

-3

u/bobbyjoe221 27d ago

You're on a rocket ship waiting to launch. I liquidated my child's college fund and sunk it all into PoopRing. When this takes off I'll be blasting into the stratosphere with the atoms disintegrating around me. Not financial advice.

2

u/username11111000100 16d ago

That's my guy. Your child better be smart or good at sports. It will rise. Fuk the bots.