Terra Classic (LUNC) is among the altcoins that have gained the most value in the last 24 hours today. Terra Classic, the original Blockchain of the Terra ecosystem, rose in double digits after the Binance announcement. Here’s what Binance will do for Terra…
Binance announces support for Terra Classic
The world’s largest exchange by trading volume has announced that it will support the upgrade of the Terra Classic (LUNC) network, which was abandoned by Do Kwon and his team in May following the collapse of the Terra ecosystem. According to the official announcement, the Terra Classic (LUNC) network upgrade will take place at approximately 01:00 on August 27, 2022. Binance will suspend LUNC deposits and withdrawals from August 27 at 00:00. More details can be found in the official announcement.
Binance isn’t the only exchange that supports network upgrade
Binance, Kraken, ByBit, Kucoin, Cryptocom, Bybit, FTX and most major exchanges support Terra Classic network upgrade. Therefore, they will suspend deposits and withdrawals on all exchanges during the upgrade, just like Binance.
While exchanges supported, the number of LUNC burned reached 3 billion
The value of LUNC has increased by 13% after the exchange announcements and the rise in the community’s token burning initiative. According to CMC data, the LUNC price has gained 10% in the last 24 hours and 40% in seven days. In the past 24 hours, LUNC trading volume has reached $348.14 million on various exchanges, including Binance and KuCoin. These activities pushed the price of LUNC to a peak of $0.00013 earlier today. Although the price is currently down to $0.0012, sudden price movements may continue due to tomorrow night’s update.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.