Despite the burn, LUNC’s price dipped 1% to $0.0001039 as Bitcoin prices fell more than 10% that day.TerraClassicUSD (USTC) also dropped 3%, but trading volume jumped 190%, showing continued interest in the token.
On May 8, a large-scale burn of Terra Luna Classic (LUNC) tokens occurred through 16 wallet-to-wallet transactions, resulting in the removal of 222 million tokens from circulation.
These transactions led to a total daily burn of over 275 million LUNC, generating conversation within the community due to the quantity involved.
Some observers suggest that Binance, managed all 16 wallets involved in the burn. The transactions moved 50 billion LUNC tokens between wallets within minutes. StakeBin, a platform that analyzes blockchain data, noted that 239 million tokens were burned in an hour, suggesting a coordinated approach.
Historically, Binance has been the largest contributor to LUNC burning, recently removing 1.4 billion tokens through its 21st batch. The exchange has eliminated over 59 billion LUNC tokens in total via these burns.

Despite this burn event, LUNC’s value decreased by 1% to $0.0001039 in a single day, as Bitcoin prices declined by more than 10%. During that time, LUNC’s highest and lowest prices were $0.0001096 and $0.0001020, respectively. However, trading volume increased by 123%, indicating high interest among traders.

Meanwhile, TerraClassicUSD (USTC), a stablecoin tied to LUNC, also saw a decline in value. The token fell 3% in 24 hours to $0.0206. Trading volume surged by 190%, suggesting that traders remain active with USTC despite the price drop. The highest and lowest prices for USTC over the same period were $0.0232 and $0.02043.

These developments have prompted conversations within the Terra Luna Classic community about their impact on the token’s future value and market position. The burn activity reflects a clear effort to increase stability and stimulate the network, but the market remains uncertain about how reducing the token supply will affect prices in the long term.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#TerraClassic #LUNC

EGRAG CRYPTO, a well-respected crypto analyst, has identified potentially bullish technical indicators for XRP. This analysis focuses on the formation of two triangles and a longer-term trendline, suggesting possible price movements in the coming months.
EGRAG CRYPTO highlights the significance of an ascending trendline he refers to as the “Atlas Line.” This line was established in March 2020, and XRP has repeatedly found support at this trendline, indicated by nine distinct touchpoints where XRP retested the trendline. This historical trend suggests that the Atlas Line may continue to act as a significant support level for XRP.

Triangle Formations and Price Targets
Although other analysts have drawn attention to a multi-year triangle on XRP’s chart, EGRAG CRYPTO takes a different approach, drawing attention to two triangular formations. The first is a blue triangle that preceded the significant price surge observed in July 2023 after the pivotal ruling in the XRP lawsuit.
Following the July breakout, a new white triangle has formed, within which XRP’s price is currently consolidating. EGRAG CRYPTO suggests a breakout from this white triangle could trigger further price appreciation.
Measured Moves and Potential Price Targets
In the case of the white triangle, a breakout to the upside could lead to a measured move with a target of $1.50. This price target is close to the 0.786 Fibonacci retracement level.
However, a breakout from the blue triangle suggests a more significant price increase. The measured move for the blue triangle suggests a potential price target of $5.89, aligning with the 1.618 Fibonacci retracement level. Although XRP has left the blue triangle, EGRAG CRYPTO predicts a move to $1.5 and a subsequent major pump to $5.89.
A Long-term Perspective
EGRAG CRYPTO emphasizes the importance of maintaining a long-term perspective for XRP investors. While the analysis suggests potential price pumps shortly, with targets of $1.50 and $5.89, the analyst also acknowledges the possibility of a “macro pump” that could propel the price above $10.
The Atlas Line as a long-term support level and the presence of two bullish triangle formations suggest potential price appreciation for XRP in the coming months. XRP recently defied bearish signals and could ride its renewed momentum to EGRAG CRYPTO’s price targets and beyond.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple

Crypto market analyst Dark Defender says that XRP’s target price of $1.88 is coming up fast. He points out a triangle pattern and thinks if XRP stays above an important support level, it will definitely hit $1.
Investors are feeling hopeful after XRP’s recent price increase. With XRP’s price going down recently, it’s now starting to go up again. Another well-known analyst thinks it’s getting closer to reaching $1.88.
XRP’s Price Prediction and Analysis by Dark Defender
Today, XRP, a cryptocurrency supported by Ripple Labs, captured significant attention from investors as its price bounced back after experiencing notable losses. Interestingly, amidst this positive movement, a renowned crypto analyst shared an optimistic forecast for XRP’s price trajectory.
The prediction, suggesting that XRP’s price target of $1.88 is achievable, quickly garnered attention across the crypto market. Dark Defender’s analysis delves into XRP’s weekly time frame, hinting at the cryptocurrency inching closer to the $1.88 mark, as per the Elliott Wave theory.
In a recent analysis, Dark Defender emphasizes essential Fibonacci levels, highlighting XRP’s ability to maintain its position above the critical 38.20% level at $0.4623. Attention is drawn to a potential Triangle formation, with $0.5286 identified as a crucial support zone. The analyst anticipates a breakout above this level, potentially fueling XRP’s rally towards $1.

According to the analysis, following the surpassing of $1, Wave 3 targets could extend even further, with XRP aiming for $5.85 and $18.22, based on Elliott theory guidelines. Despite a previous prediction in April falling short, Dark Defender remains steadfast in proclaiming XRP’s imminent attainment of the $1 target, generating significant interest among market participants.
XRP’s Price and Market Dynamics
At present, the XRP token has registered gains of 2.34% over the past 24 hours, with its current trading price standing at $0.5243. However, Coinglass data has unveiled a 1.13% decrease in XRP’s open interest, accompanied by a significant 40.68% decline in derivatives volume.
These fluctuations coincide with XRP’s recent highly volatile movement, contributing to a blend of sentiments among traders and investors in the crypto market. The erratic behavior of XRP’s price trajectory has left many uncertain about its future direction.
Additionally, there has been a notable increase in whale activity surrounding the XRP token, further complicating the understanding of its price movements in the days ahead. The heightened activity among large investors adds another layer of mystery to XRP’s price action.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Ripple #XRP

According to Whale Alert’s data, there was a significant accumulation of 4 trillion Pepe coins today, on May 3. This accumulation led to a rally in PEPE’s price, surging by almost 7%. Over the past 24 hours, the token reached a trading high of $0.000008028.
Today, May 3, witnessed a bullish event in the cryptocurrency world as a PEPE whale accumulated a significant amount of the frog-themed meme token, attracting global attention. This transaction occurred during a nearly 7% price rally for PEPE, sparking optimism among crypto market participants. Despite a period of consolidation in the past week, with Pepe coin trading between $0.000006014 and $0.000007956, the whale’s accumulation has instigated a surge in bullish sentiment towards the meme coin’s price trajectory.
Whale Accumulates 4.04 Trillion PEPE Tokens, Signaling Bullish Momentum
According to data from the on-chain analytics platform Whale Alert, a remarkable 4.04 trillion PEPE tokens were accumulated on May 3. This accumulation coincided with a nearly 7% price rally for PEPE and was executed via Paribu, a cryptocurrency trading platform, by an undisclosed wallet.
This substantial accumulation underscores a persistent confidence in the asset and sets a potential bullish trajectory for the frog-themed token in the foreseeable future. Should buying pressure persist, akin to the recent transaction, it could empower bulls to further drive the token’s value upwards.
A significant player in the meme coin market amassed substantial amounts of Pepe Coin futures, contributing to the token’s overall bullish sentiment. Cumulatively, the whale data dominating the crypto landscape suggests a sustained price rally for the token, with on-chain data reinforcing the current market uptrend.
PEPE Price Surges Amidst Growing Market Activity
PEPE’s price has experienced a notable uptick of 7.25% over the past 24 hours, currently resting at $0.000007603. During this period, the frog-themed meme token’s price fluctuated between $0.000006951 and $0.000008028.
According to Coinglass data, there has been a significant surge in PEPE coin’s open interest, rising by 8.90% to reach $78.95 million. Additionally, derivatives volume has increased by 9.14%, reaching $1.28 billion. These figures indicate a considerable uptick in market activity, accompanied by growing investor interest.
Market indicators suggest a prevailing buying sentiment, further supported by the recent massive whale accumulation. While the Relative Strength Index (RSI) hovers near 56, indicating that the asset is neither overbought nor oversold, the collective data points towards a bullish trend for the token at present.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#PEPE #Memecoin