The Terra Classic (LUNC) community is trying to ignore recent negative news and bad market conditions. The community has increased its burn rate by burning 20.9 million LUNC in the last 24 hours. The burned tokens also found a positive response in price, increasing by 6%. This rise means the best performance among the top 100 tokens.
The “Burn and Build” validator node, run by an influencer named Crypto King, single-handedly performed more than 95% of burns in the last 24 hours. Crypto King burned more than 20 million tokens in a single transaction. As a result, according to Influencer, this burn was one of the best ways to thank the community.
🚨MASSIVE $LUNC BURN ALERT🚨
our $LUNC burn and build node just burned 20 MILLION Terra Luna Classic!!!
I wanted to give back to you guys in a massive way, thank you to everyone who stakes with my node that made this possible!!!
— Crypto King 👑 (@CryptoKing_NFT) December 23, 2022
Crypto King In addition to all the burns he made, he also guaranteed that all the income from the “LUNC Burn and Build” node will be burned. As a matter of fact, it is a mystery how long this node will remain active.
Koinfinans.com as we reported Classy Cryto announced that it has launched a similar LUNC burning application.
The independently advancing Terra Classic community, on the other hand, continues to adopt this model more and more. With this new model, it is aimed to make a wider contribution to the ecosystem while increasing the combustion.
LUNC Achieves Ascension in Pedestrian Conditions
LUNC rose on reports of Binance’s LUNA airdrop and planned acquisition by Coinbase.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.