Binance’s Terra Classic (LUNC) Burn Starts to Show Its Effect!

Terra Classic (LUNC) within 24 hours 15% increased and its market cap recaptured the $1 Billion region after its recent monthly decline.

LUNC Up 15% as Binance Helps Terra Classic Restore $1 Billion Market Cap

Terra Classic (LUNC) market cap recaptured the $1 billion zone ten days after it fell below the zone. This development was supported by the asset gaining 18% last week following Binance’s most recent monthly burn in November.

According to data from CoinMarketCap, the value of LUNC increased by 15.5% yesterday, leading to a massive increase in market capitalization, hitting over $1 billion today.

The asset has started the last month of the year on a positive note as reports surfaced showing Binance’s commitment to support the LUNC community in the burning campaign.

Binance Terra Classic Lights Up

As previously reported, Binance, the world’s largest exchange by 24-hour trading volume, burned 6.3 billion LUNC tokens for the month of November.

Following the burn, Binance’s total burn increased to 20.1 billion LUNC, while since the start of the campaign, the total amount of burns by all organizations reached 35.2 billion LUNCs.

LUNC Trading Volume

According to CMC, these reports reawakened investor interest in the asset, with 24-hour trading volume rising 57.4% in less than 24 hours, from $80 million on November 30 to $126 million on December 1.

Volume increased another 98% today, exceeding the current value of $250 million. At the time of this writing LUNC costs $0.00018319 traded at levels.

*Not investment advice.

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