Token

Burn

Terra

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/the-remarkable-milestone-of-terra-luna-classic-lunc-token-burns-and-market-response" rel="noopener noreferrer nofollow">The Remarkable Milestone of Terra Luna Classic (LUNC) Token Burns and Market Response</a><br></p>
<h2 id="impressive-token-burn-achievements">Impressive Token Burn Achievements</h2>
<p style="text-align: justify">As of January 2024, the Terra Luna Classic (LUNC) community has achieved a staggering burn of 95 billion LUNC tokens since the initiative began in May 2022. These community-led burns play a significant role in reducing the circulating supply of LUNC. Leading the contributions with over 51.7% of the total burns is <a href="https://en.bitcoinhaber.net/legal-troubles-escalate-for-former-binance-ceo-changpeng-zhao" rel="noopener noreferrer nofollow">Binance</a>, the world’s largest exchange by volume, which has burned nearly 50 billion LUNC.</p>
<p style="text-align: justify">The burning frenzy, aimed at propelling Terra Luna Classic forward, has been a collective effort involving crypto exchanges, validators, projects, and community members, drawing widespread attention with the milestone of 95 billion LUNC burned. Weekly community burns average 600 million LUNC, with figures escalating post-November.</p>
<p style="text-align: justify">Binance has been at the forefront of these events, topping the list of monthly LUNC burns and contributing over 51% to the total LUNC burned by sending billions to burn wallets. The 17th burn event by Binance alone incinerated 5.57 billion Terra Luna Classic (LUNC) tokens, pushing their total burned amount past 50 billion.</p>
<h2 id="price-surge-for-lunc-and-ustc">Price Surge for LUNC and USTC</h2>
<p style="text-align: justify">LUNC and USTC prices have risen, aligning with the broader market trend. LUNC experienced over a 5.5% increase in the last 24 hours, trading at $0.0001012, with a 24-hour high and low of $0.0000951 and $0.0001032, respectively. The trading volume surged by 103%, indicating a growing investor interest in the altcoin.</p>
<p style="text-align: justify">Meanwhile, USTC also saw a 4.66% increase over the last 24 hours, trading at $0.02649. The 24-hour price movement ranged between $0.02467 and $0.02713, pleasing USTC investors with its performance.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/the-remarkable-milestone-of-terra-luna-classic-lunc-token-burns-and-market-response" rel="noopener noreferrer nofollow">The Remarkable Milestone of Terra Luna Classic (LUNC) Token Burns and Market Response</a></h5>

The Remarkable Milestone of Terra Luna Classic (LUNC) Token Burns and Market Response

Table of Contents

BH NEWS

Other articles published on Jan 27, 2024

Ripple’s Strategic Moves Towards a Potential XRP ETF in Light of Regulatory Milestones

Donald Trump Talked Out Of CBDC For The US? Ex Candidate Explains

Grayscale’s Bitcoin Sell-Off Pace Decreases: Potential Price Impact

Ripple Should Have XRP Futures ETF Before Launching a Spot ETF, Says Analyst

Polkadot Rally Incoming? Crypto Analyst Predicts 150% Price Surge For DOT

11 Publicly-Listed Bitcoin Miners May Not Mine Profitably After Halving

Join our free newsletter for daily crypto updates!