Burn

Momentum

Terra

Read

Billion

<div class="coingape"> 
 <h2 id="binance-sent-1-41-billion-lunc-tokens-to-burn-address">Binance Sent 1.41 Billion LUNC Tokens to Burn Address</h2> 
 <p>Crypto exchange <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> sent 1.41 billion Terra Luna Classic (LUNC) tokens to the burn address to contribute to reducing the LUNC circulating supply, according to a transaction on August 1. The transaction also includes a transaction fee of 7.06 million LUNC.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <p>The 11th batch of the LUNC burn mechanism is for the period June 30 to July 30, 2023. With the latest burn, <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> has burned nearly 37 billion Terra Luna Classic tokens in total from trading fees on LUNC spot and margin trading pairs.</p> 
 <p>In July, <a rel="noopener noreferrer nofollow" title="Binance" href="https://thebittimes.com/tag/binance.html">Binance</a> burned 2.65 billion Terra Luna Classic tokens. The burn rate significantly increased last month amid positive sentiment due to the parity upgrade, professor Edward Kim’s AI app chain Block Entropy, and USTC repeg plan.</p> 
 <p>Meanwhile, the community has burned 71.5 billion LUNC tokens in total, surpassing the 70 billion LUNC milestone recently. The burn narrative has returned to the Terra Luna Classic community, with 800 million USTC also set to burn from Ozone Protocol.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/01/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/01/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/9acafad721dcbc6c15e6daccd38017cb.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/9acafad721dcbc6c15e6daccd38017cb.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Exchange Affiliate Programs In 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/01/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/01/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/01/e59946958a3ce000f279efb2e1b9c852.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/01/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/31/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/31/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><strong>Read More: </strong>Terra Luna Classic Community Set To Burn 800 Million Tokens, LUNC And USTC To $1?</p> 
 <h2 id="terra-luna-classic-price-upside-momentum-ahead">Terra Luna Classic Price Upside Momentum Ahead?</h2> 
 <p>Terra ecosystem tokens LUNA fell 5%, while LUNC and USTC dropped 2% and 7%, respectively as Judge Rakoff denies Terraform Labs and Do Kwon’s motion to dismiss the US SEC lawsuit on Judge Torres’ ruling as precedent. The prices have fallen below key support levels.</p> 
 <p>LUNC price is currently trading at $0.0000796. However, According to&nbsp;CoinGape Markets, LUNC price can recover above the $0.00009 support level due to triangle pattern formation. Meanwhile, USTC price trades at $0.014.</p> 
 <p><strong>Also Read:</strong></p> 
 <ul> 
  <li>Judge Denies Torres Ruling To Dismiss SEC Lawsuit, What It Means For XRP And Terra?</li> 
  <li>XRP Lawsuit: Ripple Gets Former SDNY Attorney To Tackle US SEC Appeal, 30% Rally Next?</li> 
  <li>Bitcoin Bull Cathie Wood Sells Coinbase And Robinhood Shares, Expects Weak Q2 Earnings?</li> 
 </ul> 
</div>

Binance Burns 1.41 Billion Terra Luna Classic (LUNC) Tokens

Table of Contents

TheBitTimes

Άλλα άρθρα που δημοσιεύτηκαν στις 1 Αυγ 2023

TomaaS, South Korea’s Leading Tangible Mobility-Based Asset Lending Protocol

How High Can Shiba Inu Rise Post Shibarium? Google Bard Predicts

🗒 Daily Newsletter | Tuesday, Agust 1st, 2023

Crypto.com Secures Registration Approval in Netherlands

Litecoin halving approaching, Cardano building as Borroe presale progresses

Binance Breaks New Ground with Japan Launch, BNB Token to Take Center Stage

Join our free newsletter for daily crypto updates!