#TerraClassic chain validators on X are marking 20% as the next checkpoint for LUNC’s staking ratio. By increasing the metric, chain supporters are looking to reduce the remaining LUNC supply in addition to the burning procedures. Ultimately, this offers long-term potential for the crypto in question, as a large chunk is locked for multiple years.
However, #LUNC✅ has faded below the $0.0001 support territory since June 17, 2024, with the global market cap slicing from $800 million three months ago to $388,198,208 as of July 8, 2024. Meanwhile, holders continue to showcase confidence in $LUNC , leaning on the staking & burning mechanism’s efficiency.
Terra Luna Classic Sees Staking Boom, Shifting LUNC Dynamics
The embattled #TerraLunaClassic (LUNC) chain has hit an all-time staking record, now sporting a solid staking ratio of 15.03%. At 1.018 trillion LUNC coins staked, the staking fund treasury now equals approximately $69 million at the current price range.
Benefits Of 1T LUNC In Staking Vault
