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🌖 Market Reactions and Token Performance
The strategic decisions made by the community have impacted the performance of $LUNA
in the market. After these votes, Terra Luna’s native token experienced a price drop of 1.68%, trading at $0.0001168. Also, the 24-hour trading volume rose by 10%. This increase indicates that the market has a favorable perception of the community’s actions, especially given that they are supporting development projects.
This news comes when Binance, the world’s largest cryptocurrency #exchange , recently stood by the #TerraClassic community. On May 1st, 2024, Binance completed the 22nd $LUNC
burn, where a massive 1. 35 billion tokens were removed from circulation. This move takes Binance’s total burned tokens to over 60 billion, which translates to nearly 52% of all LUNC burned by the entire Terra Classic community. The exchange’s commitment to transparency shines through its detailed burn process. Binance identifies the specific burn address where the 1.35 billion tokens were sent.
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