Investors Have Staked Billions From This Altcoin, Is Rise Coming!

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Terra Classic (LUNC) experienced a significant spike in activity with 1,762,058,462 (1.7 billion) tokens being staked in the last 24 hours. The total number of staked tokens reached 964.6 billion. The current figure represents 14.06% of the asset’s total supply.

TerraCVita Rex “Rexyz” Harrison, a key member of the development group, took to Twitter to draw attention to the significant acceleration gain. According to Rex, the community is currently about 35 billion tokens away from reaching the much sought after 1 trillion staked token milestone.

It should be noted that this is not the first time the community has witnessed such a significant increase in staking activity recently. For example, on February 14, more than 3.5 billion tokens were staked in 24 hours. The total number of staked tokens reached 958.7 billion. More than 5.9 billion tokens have been staked since then.

Classy, ​​a leading Terra Classic influencer, reiterated the excitement of the wider community with its stake rate recently exceeding 14%.

Koinfinans.com As we reported, data from StakeBin reveals that the community has staked 9.39 billion tokens over the past week. The majority of these token delegations were made to validators Allnodes and JESUSisLORD.

Notably, 800 million tokens were staked in a single transaction through Allnodes, while 1.97 billion tokens were recently staked in two separate transactions via JESUSisLORD.

Staking Effect on LUNC Price

The Terra Classic staking attempt is one of the ways wealth can rally, just like the burn campaign, and supporters like Rex have defended this narrative over and over.

Two months ago, Rex claimed that achieving a token percentage equivalent to 75% of LUNC’s supply would be crucial in increasing the asset’s value by a substantial 100x margin. This ambitious goal will require a staggering 5.15 trillion stake tokens.

Source : The Crypto Basic


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