Binance, the world’s largest crypto exchange, invested 2.1 billion in the 18th batch of the LUNC burning mechanism. Terra Classic (LUNC) token burn. While the total LUNC burned by the crypto exchange to date exceeds 50 billion, this figure corresponds to 52.4% of the total tokens burned by the Terra Luna Classic community.
The LUNC burn is a concerted effort by the Terra Luna Classic community to remove LUNC tokens from the circulating supply. The burning campaign is already approaching the 100 billion LUNC milestone.
Binance Burned 2.1 Billion Terra Classic (LUNC)
BinanceAccording to the transaction on January 1, 2.1 billion Terra Luna Classic (LUNC) tokens were sent to the burning address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu.
Specifically, the 18th batch of the LUNC burning mechanism was for the period 31 December to 30 January. Following the last burn, Binance LUNC burned 51.27 billion Terra Classic tokens from trading fees on spot and margin trading pairs.
In January, Binance burned 5.57 billion Terra Luna Classic (LUNC) tokens. burning rate, crypto- LUNC on the exchange increased significantly following a huge jump in trading volume. Binance and other crypto exchanges have launched a USTC perpetual contract and new USTC and LUNC trading pairs, which have greatly contributed to token trading.
Meanwhile, the Terra Luna Classic burn campaign reached the 98 billion LUNC milestone in a coordinated effort by crypto exchanges, validators, projects, and community members. The community burns an average of 600 million LUNC per week.
LUNC and USTC prices, upcoming Bitcoin He expects a broader market recovery in response to the halving. Additionally, LUNC, 1000LUNC and LUNA long positions were liquidated in the last 24 hours, indicating short selling by Trader2lar.
Koinfinans.com As we reported, the LUNC price dropped 7% this week. The price is currently trading at $0.00009444. The 24-hour high and low price are $0.00009415 and $0.00009699 respectively. The community is still on the rise for LUNC to reach local heights.
Meanwhile, according to CoinGecko data, USTC price has moved sideways in the last 24 hours. The price is currently trading at $0.02409. The 24-hour low and high price are $0.02387 and $0.02438 respectively.