Binance, the world’s largest crypto exchange, has recently incinerated a massive 2.2 billion LUNC tokens in a single day.
Binance’s LUNC Burning Spree
Since May 2022, Binance has burned a total of 53.49 billion LUNC tokens, including the latest burn. This ongoing burning tradition has been a significant effort by the exchange to support the Terra Classic ecosystem.
Terra Classic’s Potential Resurgence
The Terra Classic community is excited about the potential resurgence of the Terra Classic market due to Binance’s token-burning initiatives. Burning tokens can reduce the total supply, potentially leading to increased scarcity and a potential price surge.
Community Optimism
The Terra Classic community has noted the strength of LUNC after breaking through key resistance levels. The cryptocurrency has seen a significant 49% upsurge in the past 30 days.
Upcoming Projects and Partnerships
The Terra Classic community has also highlighted upcoming projects and new partnerships that could further boost the value of LUNC and the Terra Classic ecosystem.
