Terra Classic (LUNC), recognized as what remains of the Terra project that experienced one of the biggest collapses in crypto space to date, crashed and burned in its attempt to have a bullish momentum.
It can be recalled that Binance implemented a “burn” mechanism to deal with the excessive supply of the digital asset to help trigger upward movement of its price.
The plan, however, did not materialize and was underwhelming at best at it only led to the destruction of 0.08% of the token’s total supply – around $1.8 million worth of LUNC.
As a result, the anticipated uptick in trading price for Terra Classic did not happen. As of this writing, tracking from Coingecko shows t
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