LUNC Eyes Recovery as Binance Burn Approaches After 26% Dip
After a 26% decline over the past month, LUNC’s price has stabilized above $0.000080. The upcoming LUNC burn by Binance has sparked optimism in the market, even though trading volume has dipped. Meanwhile, Terra Luna Classic’s staking ratio has increased to 14.83%, with over 1 trillion LUNC tokens now staked.
Terra Classic’s LUNC token has faced a significant downturn over the past month, dropping more than 26%. Data from CoinMarketCap shows that LUNC peaked at $0.0001253 before falling sharply to a low of $0.00007334. Despite this drop, the token has stabilized, holding above the $0.000080 support level. Recent trading activity indicates a slight recovery, with LUNC showing a modest increase of 1.67%. At press time, LUNC was trading at $0.00008396, and its intraday market cap had risen to $460,930,474, ranking it 128th in the market.
