Terra Classic ($LUNC ) is experiencing an exciting surge as Binance steps up its efforts in the burn initiative, destroying an impressive 1.7 billion LUNC tokens. This bold move has driven the price of $LUNC up by 4.64%, reaching $0.0001206. This milestone marks a new chapter for Terra Classic, fueled by the community's ongoing commitment to reducing token supply and increasing the value of $LUNC.
Binance’s recent burn of 1.7 billion LUNC tokens, valued at around $193,000, has significantly contributed to this price increase. With a market cap now exceeding $1 billion, the growing investor interest in LUNC is evident. To date, Binance has burned a total of 70 billion tokens, representing 17.7% of the entire supply. Alongside Binance, other key players such as the DFLUNC Protocol, LunaticsToken, MEXC, and Terraform Labs have contributed to this community-led effort, bringing the total burned tokens to an impressive 396 billion since May 2022.
This coordinated burn movement comes at a time when LUNC faces its own challenges, including legal issues surrounding Do Kwon and the bankruptcy of Terraform Labs. Yet, despite these obstacles, the resilience of the LUNC community continues to shine through. Over the past week alone, more than 237 million tokens have been burned, showcasing the community's unwavering commitment to reducing supply and driving up the value of the token.
Looking ahead, the burn momentum could potentially drive the price of $LUNC to new heights. With the circulating supply shrinking and demand remaining strong, short-term targets for $LUNC are set at $0.0001250, with mid-term predictions reaching $0.0001500. Long-term growth is also a possibility, as continued token burns and growing adoption could push $LUNC toward $0.001 and beyond. Now is an exciting time for anyone interested in $LUNC—whether you’re trading, investing, or simply engaging with the commu
nity.
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