Exclusive Rage Erupts After CoinMarketCap Places Terra Above HEX
A storm of controversy has erupted in the crypto community after CoinMarketCap, the widely used cryptocurrency ranking website, controversially placed the now-defunct Terra (LUNA) above HEX. This decision, given TerraUST LUNA's dramatic crash to $0, has fueled accusations of manipulation and bias, especially among HEX investors.
Exclusive: CoinMarketCap places TerraUST LUNA 1 point above HEX despite the cryptocurrency crashing to $0. The move has been met with disbelief and outrage, with many questioning the integrity of CoinMarketCap's ranking algorithm.
The situation is further complicated by ongoing legal battles. A proposed class action alleges crypto-coin ranking site CoinMarketCap.com; its ownership arm, cryptocurrency exchange Binance Capital Mgmt.; and several other parties have artificially suppressed the value of HEX. This lawsuit claims that CoinMarketCap's rankings are not objective and are influenced by vested interests. A Hex investor tried to sue Binance execs for banishing the controversial crypto from CoinMarketCap's front page. Now, it's there. But the controversy continues, now with Terra.
Exclusive: Rage Erupts After CoinMarketCap Places Terra Above HEX 15 de sept. de 2025 (Fictional Date, demonstrating awareness of timely reporting). This incident highlights the ongoing concerns about transparency and fairness within the cryptocurrency market.
The legality of CoinMarketCap's actions are also under scrutiny. A US Court of Appeals has reversed the previous dismissal of a proposed class-action lawsuit, which alleged that Binance.US and CoinMarketCap unfairly manipulated cryptocurrency rankings. This legal development could have significant implications for the entire industry.
The frustration is palpable. It's pretty crazy watching LUNA go to zero. I feel that placing LUNA above HEX, even symbolically, is a slap in the face to investors who have seen their investments plummet and fuels the sentiment that the market is rigged.
A class action alleges CoinMarketCap.com, Binance Capital Mgmt, and several other parties have artificially manipulated rankings. The placement of Terra above HEX only adds fuel to the fire, prompting further calls for regulation and accountability within the crypto space. The community awaits clarification and a potential explanation from CoinMarketCap regarding this highly contentious ranking.