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🔥🔥🔥Binance Burns More Terra Classic (LUNC) Tokens, Net Burn Reaches Over 59 Billion #Binance Burns Additional LUNC Tokens Crypto exchange Binance burns additional Terra Luna Classic ($LUNC ) tokens every month, which are not part of Binance’s monthly LUNC burn mechanism. Binance sent additional LUNC tokens to the burn wallet, as per a transaction on May 23. Binance burned 1.4 billion Terra Classic tokens in the 21st batch of #LUNC burn mechanism in early May. After the latest burn by Binance, the total LUNC burned by the crypto exchange to date has now surpassed 59.07 billion, accounting for 51.9% of total LUNC burned by the community. The total LUNC tokens burned by the Terra Luna Classic community has reached over 113.71 billion. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism. LUNC and USTC Price Performance Amid Market-Wide Selloff Crypto market saw broader retracements in the US hours as whales and investors sold their holdings, considering a similar selloff seen immediately after the spot Bitcoin ETF approval by the SEC in January. However, prices rebound after the SEC approved spot Ether ETFs. LUNC price is up more than 3% this week. The price is currently trading at $0.0001131, with a 24-hour low and high of $0.0001094 and $0.0001179, respectively. Furthermore, trading volume has decreased further in the last 24 hours. Meanwhile, USTC price trades at $0.02248, moving mostly sideways this week. The 24-hour low and high are $0.02128 and $0.02296, respectively. #altcoins #terra

🔥🔥🔥Binance Burns More Terra Classic (LUNC) Tokens, Net Burn Reaches Over 59 Billion

#Binance Burns Additional LUNC Tokens

Crypto exchange Binance burns additional Terra Luna Classic ($LUNC ) tokens every month, which are not part of Binance’s monthly LUNC burn mechanism. Binance sent additional LUNC tokens to the burn wallet, as per a transaction on May 23.

Binance burned 1.4 billion Terra Classic tokens in the 21st batch of #LUNC burn mechanism in early May. After the latest burn by Binance, the total LUNC burned by the crypto exchange to date has now surpassed 59.07 billion, accounting for 51.9% of total LUNC burned by the community.

The total LUNC tokens burned by the Terra Luna Classic community has reached over 113.71 billion. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism.

LUNC and USTC Price Performance Amid Market-Wide Selloff

Crypto market saw broader retracements in the US hours as whales and investors sold their holdings, considering a similar selloff seen immediately after the spot Bitcoin ETF approval by the SEC in January. However, prices rebound after the SEC approved spot Ether ETFs.

LUNC price is up more than 3% this week. The price is currently trading at $0.0001131, with a 24-hour low and high of $0.0001094 and $0.0001179, respectively. Furthermore, trading volume has decreased further in the last 24 hours.

Meanwhile, USTC price trades at $0.02248, moving mostly sideways this week. The 24-hour low and high are $0.02128 and $0.02296, respectively.

#altcoins #terra

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🐳🐳😱XRP Whale Activity Soars: 218 Million Coins Moved in 24 Hours😱🐳🐳 Whale activity has spiked, moving 218.06 million $XRP in 24 hours. Ripple CEO Garlinghouse is confident an #XRP ETF launch is imminent by 2025. Whale activity has once again increased significantly, attracting significant investor interest, against the background of XRP’s sustained position above the $0.52 price level. According to on-chain data that has surfaced across the market, little more than 218 million coins have been shuffled in the last 24 hours. Whales transferred a startling 218.06 million coins in the last 24 hours, according to data released by the on-chain transaction tracker Whale Alert. The whales were seen to have taken 50.25 million XRP from Binance in total, with the others offloading sizable sums of the same to various centralized exchanges (CEXs). Interestingly, the statistics shows that 167.81 million XRP were offloaded to Bitstamp, Bitso, and Coinbase exchanges. The dumps have severely weakened the buildup from the previous day. Confidence in XRP’s Potential It is also noteworthy that prior reports indicate that the XRP whales who purchased tokens from Binance are continuing to make similar purchases, indicating growing optimism in the asset’s future growth. Meanwhile, XRP seems to have absorbed the brunt of market supply pressure. The significant increase in whale activity that coincides with the XRP ETF craze in larger businesses has heightened speculation. The futures open interest (OI) for XRP has been rising steadily and gradually in recent days; it is currently $666.79 million, according to Coinglass statistics. But derivatives volume fell 19.76% to $657.42 million. This has in turn generated conflicting opinions about XRP’s prospects going forward among the larger cryptocurrency community. CoinMarketCap data indicates that the price of XRP at the time of writing is approximately $0.5253, down 1.03% in the previous day but showing a positive position over the previous seven days with a 1.15% rise. #ripple #binance #altcoins
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