Number of Terra Classic (LUNC) Burned Was Different Than Expected: Here are the Exact Numbers!

The second sent to be burned by Binance Terra Classic (LUNC) The final number of LUNC burned last week was predicted to be a disappointment, after his party was almost half the size of the first one.

However, the numbers turned out to be more or less consistent.

Here’s How Terra Classic (LUNC) Was Burned Last Week When Numbers Turned Better Than Expected

According to the LUNC Tech portal, 4.39 billion LUNCs were burned during the past week. 3 billion LUNC of this figure BinanceThe rest of the coins were burned due to taxes on other exchanges.

According to the portal, the total since the introduction of the combustion mechanism 19.22 billion LUNC has been burned, which equates to 0.28% of the total token supply.

What to Expect from LUNC Next Week?

Yesterday, collection of third-party transaction fees for LUNC pairs on Binance ended. The results of the cremation will be announced on Monday, October 17.

A study of LUNC trading volume figures provided by CoinMarketCap gives a feeling that the figures are equal to or higher than the previous week’s volume, allowing to expect at least 3 billion LUNC to be re-burned via Binance.

At the same time, LUNC price has fallen over the past week and is currently trading 13% below its weekly opening price. Strong volatility is expected to continue at LUNC next week.

On the other hand, validators and the LUNC community seem to support the proposal, which is based on Binance CEO CZ’s advice to lower fees.

Also, at the time of this writing, the LUNC price was trading at $0.00025957.

*Not investment advice.