๐ฅ๐ฅ๐ฅNew Development: Binance Burned 1.4 Billion Terra Luna Classic (LUNC) Tokens
Binance announced the launch of the LUNC burning mechanism on Wednesday on the 21st. he burned 1.4 billion Terra #Luna Classic (LUNC) tokens at his party. After the recent burning of Binance, the total #LUNC that the crypto exchange has burned so far has exceeded 57 billion. The incineration numbers were in line with COINGAPE's estimates that LUNC Decineration was between 1 billion and 1.5 billion.
Moreover, the total number of LUNC tokens burned by the Terra Luna Classic community has reached over 112 billion. Binance continues to support the community for the revival of Terra Luna Classic since 2022 through its monthly LUNC burning mechanism.
Binance's Terra Luna Classic (LUNC) Burn Has Decreased to 1.4 Billion
Crypto exchange Binance sent 4.17 billion Terra Luna Classic (LUNC) tokens to the burning address according to the LUNC burning transaction on May 1.
In particular, the 21st of the LUNC combustion mechanism. April Dec March 31st to April 29th, Binance burned through a significant amount of transaction fees. Binance has currently burned approximately 57.66 billion Terra Luna Classic (LUNC) tokens from LUNC spot and margin transaction fees. trading pairs.
The decrease in trading volumes is due to the decrease in daily LUNC trading volume in April due to the market-wide decline in crypto prices and trading volumes. In March, LUNC saw a huge daily trading volume of over $100 million, and prices rose above the $0.0002 level. The average daily trading volume in April was $ 30 million, and prices fell to $ 0.0001. Its market capitalization also fell from $ 1 billion to less than $ 600 million in one month.
Binance, 20. 4.17 Billion Terra Luna Classic (LUNC) tokens were burned in the LUNC burning mechanism. The exchange burned through 4.17 billion transaction fees worth $722,630 on LUNC spot and margin trading pairs due to significantly increased trading volumes in March.
