bullish

Terra Classic

Terra

Optimism

Billion

<ul class="wp-block-list news-points">
 <li><strong>Binance has burned a whopping 1.2 billion LUNC tokens.</strong></li>
 <li><strong>Binance only burns two tokens: LUNC and BNB.</strong></li>
 <li><strong>LUNC surged 4.6% in the past 24 hours.</strong></li>
</ul>
<p>Binance, the world’s leading crypto exchange by trading volume, has burned 1.2 billion LUNC tokens, further reducing the circulating supply. This move has been met with enthusiasm from the Terra Classic community, who anticipate a positive impact on LUNC’s price.</p>
<p>Binance’s burn mechanism focused solely on its native BNB token and LUNC, refraining from participating in similar events for other cryptocurrencies. Historically, significantly reducing a cryptocurrency’s circulating supply often leads to bullish price action.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Binance burns ~1.2 billion <a href="https://twitter.com/search?q=%24LUNC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$LUNC</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Just a reminder the crypto biggest exchange in the <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> only burns their own coin <a href="https://twitter.com/hashtag/BNB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BNB</a> and <a href="https://twitter.com/hashtag/LUNC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#LUNC</a>, thanks for supporting <a href="https://twitter.com/hashtag/LunaClassic?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#LunaClassic</a>, with your support hope LUNC can go back to its glory days! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64f.png" alt="🙏" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/S14t2JOMHb" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/S14t2JOMHb</a></p>— WSB Trader Rocko <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@traderrocko) <a href="https://twitter.com/traderrocko/status/1830540061831569720?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 2, 2024</a>
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<p>As the Terra community anticipates LUNC’s price trajectory to turn bullish soon, according to the <a href="https://coinmarketcap.com/currencies/terra-luna/" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap, LUNC has surged 4.62% in the past 24 hours and the cryptocurrency is …</p>
<p>The post <a href="https://coinedition.com/binance-burns-1-2-billion-lunc-boosting-terra-classic-community-optimism/" rel="noopener noreferrer nofollow">Binance Burns 1.2 Billion LUNC, Boosting Terra Classic Community Optimism</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Binance Burns 1.2 Billion LUNC, Boosting Terra Classic Community Optimism

Coin Edition

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