in Binance, bitcoin, btc, btcusd, burn, crypto, Cryptocurrency news, ethusd, LUNC, Terra Classic, token

Terra Classic (LUNC) Notches 5% Spike In The Last 24 Hours

by Repost Admin October 11, 2022, 7:56 am 1.9k Views

Terra Classic is showing some signs of life thanks to a system that is being implemented by leading cryptocurrency exchange platform, Binance.

Binance burns another 3 billion LUNC, brings total of burned units to 17.9 billion
LUNC briefly exhibits upward price rally, up by 5% in the past 24 hours at one point
A 12% dip might bring Terra Classic price all the way to $0.00018

It can be recalled that on September 26, 2022, the company decided to burn all spot and margin trading fees on LUNC transactions by sending them to a specific wallet address.

This was Binance’s response to the proposal of the Terra Classic community to maintain good trading experience for its users.

Since then, around 17.9 billion LUNC tokens have been burned. The latest process