The recent Terra Luna Classic (LUNC) price rally is a testament to strength of the community and resilience of the chain. Despite challenges and FUD, Terra Luna Classic community pushes for efforts to evolve and grow. The holders are bullish amid the crypto market recovery.
Reasons for Recent Upswing in Terra Luna Classic (LUNC) Price
Terra Luna Classic (LUNC) price has rallied 25% in February after a reversal in January end. LUNC hit a high of $0.0001225 today, with most gains coming this week as the community deliberates on crucial decisions.
Binance LUNC Burn
One of the primary reasons for the price hike is the recent Binance LUNC burn. The world’s largest crypto exchange Binance burned 2.1 billion Terra Luna Classic (LUNC) tokens in the 18th batch as part of its LUNC burn commitment. The total LUNC burned by the crypto exchange to date reaches over 50 billion, which is 52.1% of the net LUNC burned by the Terra Luna Classic community.
Notably, the total LUNC burn by the Terra Lu
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