- LUNC cost increased to highs of $0.000185 as Binance burned 2.21 billion of the tokens.
- The Terra Luna Classic token burn has actually reached 53 billion on Binance and 100 throughout the community.
LUNC rate is up 27% in the last 24 hr, trading to above $0.00018 early in the day. The Terra Luna Classic token has actually leapt more than 83% in the previous month.
With trading volume rising by 143% in the previous 24 hours to over $332 million, LUNC is among the leading carrying out coins today as Bitcoin rate hovers near $61,000.
Why is LUNC rate skyrocketing today?
While LUNC’s cost has actually skyrocketed over the last couple of weeks along with other altcoins as BTC increased, the most recent uptick comes as the neighborhood responds to the most recent burn news.
Binance revealed on March 1, 2024 that it had actually burned 2.21 billion LUNC tokens. The crypto exchange has supported the LUNC burn program considering that 2022.
The 19th batch of Binance’s Terra Luna Classic burn saw the overall variety of tokens the exchange has actually burnt increase to 53 billion.
With LUNC burn throughout the environment likewise taking place, the general number of tokens completely gotten rid of from flow has actually leapt to more than 100 billion LUNC.
According to Terra Luna Classic neighborhood member Vegas, charred tokens are from tax, CEXs and energies.
We have actually now formally burned more than 100 billion #Lunc. thanks to everybody who is actively working to do this. The burns now are originating from all over, tax, cexs, energies …
… #LFG #TerraClassic $ustc $Lunc #LUNCcommunity #BURN pic.twitter.com/84b94Ddudn— Vegas (@VegasMorph) March 1, 2024
The upward momentum for LUNC has the cryptocurrency’s market cap crossing above $1 billion. The cost has actually reached levels last seen in December 2023, and might target $0.000258 in coming weeks.