banner

Binance Burns 736M LUNC – Can Terra Classic Rebound?

Binance burned 736 million LUNC in its latest batch, bringing its total contribution to 70.85 billion. The Terra Classic community remains bullish despite price dips.

Binance Burns 736M LUNC—One of Its Lowest to Date

Cryptocurrency exchange Binance has sent 736 million LUNC to a burn address, according to a February 1 burn transaction. This marks one of its lowest burns since launching the LUNC burn mechanism to support the Terra Luna Classic ecosystem.

In its 30th burn batch, Binance burned $87,923 worth of trading fees collected between December 31 and January 30. According to the burn tracker, Binance has now burned a total of 70.85 billion LUNC tokens.

LUNC Burn Surpasses 400 Billion as Community Stays Optimistic

Last month, Binance burned 1.7 billion LUNC, largely due to a spike in trading volume following Terraform Labs’ bankruptcy and token burn activity.

📊 Key Burn Milestones:

  • Binance Total Burns: 70.85 billion LUNC
  • Community-Wide Burns: 400 billion LUNC surpassed

The Terra Classic community remains hopeful for a price resurgence, believing that continued burns and ecosystem growth could drive LUNC higher.

LUNC Price Outlook: Will It Recover?

At the time of writing, LUNC is trading at $0.00005883. Despite the recent price decline, trading volume has jumped 25% in 24 hours, indicating growing interest among traders.

🔹 Analysts’ Price Prediction:

  • A potential rally toward $0.0005 if demand strengthens
  • Community support and burns could push LUNC higher

While LUNC’s price remains volatile, many still believe in a long-term recovery fueled by continued burns and ecosystem development.

banner

Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

Follow Us

Top Selling Multipurpose WP Theme

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

banner

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Social Media Auto Publish Powered By : XYZScripts.com
Skip to content