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🌖 LUNC Price Analysis as Binance Burns 1.7b Terra Classic Tokens The Terra Luna Classic price rose for the second consecutive day after Do Kwon pled not guilty in New York and after Binance incinerated over 1.7 billion LUNC tokens. The LUNC token was trading at $0.0001150 on January 1, up by over 25% from its lowest level last month, giving it a market cap of over $1 billion. Binance burns 1.7b Terra Classic tokens The main Terra Luna Classic news was that Binance continued burning the tokens, a move that aimed at reducing those in circulation. It burned over 1.7 billion tokens, currently worth $193,000. This came after the company burned 1.728 billion LUNC tokens on December 1 and 1.048 billion the previous month. These burns solidify Binance as the biggest LUNC burner, having incinerated over 70 billion tokens in the last two years. These tokens represent about 17.7% of the total. It has done over 2,200 burn transactions. The other top burners are DFLUNC Protocol, LunaticsToken, MEXC, and Terraform Labs. Altogether, over 396 billion Terra Luna Classic tokens have been burned since May 2022, when the original Terra ecosystem crumbled. 237 million tokens have been incinerated in the last seven days, a trend that may continue for a while. LUNC price also reacted mildly to the latest Do Kwon news. Kwon, the founder and controlling shareholder of Terraform Labs, was recently extradited to the United States from Montenegro. He has pleaded not guilty in a New York court. Kwon has been charged with deceiving investors about the Terra Blockchain, its stability, and its partnership with Chai, a popular money transfer service in South Korea. He is being prosecuted by the same officials who charged Sam Bankman-Fried, who received a 25-year prison sentence. The LUNC price reacted mildly to Do Kwon’s issues because he is no longer involved in the project. Terraform Labs has already filed for bankruptcy, and last year, it agreed to burn billions of LUNC tokens.
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🤯🤯🤯 Bitcoin as Digital Gold*: Many now view Bitcoin as a *store of value*, often comparing it to *gold*. As a result, institutional investors and major companies have begun to adopt Bitcoin as part of their portfolios. - *Global Recognition*: What started as a *niche* concept for tech enthusiasts has now turned into a *global phenomenon*. Bitcoin’s adoption continues to grow, with countries like *El Salvador* even adopting it as legal tender. 🌍 - *The Catalyst for Blockchain Tech*: The *blockchain* technology behind Bitcoin has inspired countless other projects and innovations, including *Ethereum*, *NFTs*, and *smart contracts*. Blockchain is now seen as a *revolutionary technology* with *potential applications* across industries far beyond finance. --- *Conclusion* 🎯 In *2009*, *Bitcoin* was born, and the world of *finance* was forever changed. It was a *shock to the system* that showed the world a different way of thinking about money, trust, and decentralization. From that *first Bitcoin transaction* to the rise of *blockchain technology*, *Bitcoin's legacy* continues to grow and shape the future of finance. So, if you were born this year, now you know why *Bitcoin's birth* back in 2009 was one of the *most significant events* in the history of finance! 😎💥 $BTC
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😂😂 If you were born this year, you definitely missed one of the most *shocking* and *historic* moments in the crypto world! But don't worry, let me take you back to *2009*—the year when *Bitcoin (BTC)* was born. 🚀 *The Birth of Bitcoin - 2009* 💥 - *What Happened?* In *2009*, *Satoshi Nakamoto* (a pseudonym for an unknown individual or group of people) *created Bitcoin* and mined the *first block* (also called the *Genesis Block*). This was the beginning of a *new era* in finance, as Bitcoin was the *first decentralized digital currency*. - *Why It Shocked the World:* 1. *Decentralization*: Bitcoin introduced the idea of a *peer-to-peer currency* that didn’t rely on banks or governments. It was decentralized, meaning no central authority controlled it. This concept was groundbreaking and challenged the *traditional financial systems*. 2. *Blockchain Technology*: Bitcoin also brought forward the *blockchain*, a *public ledger* that records all transactions. This provided a solution to the *double-spending problem* (the risk of digital currency being copied or spent twice), which had been an issue with digital money before. 3. *Anonymity and Freedom*: Bitcoin allowed people to send and receive money *anonymously* and without middlemen, making it a tool for *financial freedom* for many. - *The First Transaction – "Bitcoin Pizza"* 🍕 In *May 2010*, *Laszlo Hanyecz*, a programmer, made the *first real-world purchase* using Bitcoin. He paid *10,000 BTC* for *two pizzas*. At that time, Bitcoin was worth just *a few cents*. Fast forward to today, and *10,000 BTC* would be worth millions of dollars! 😱 --- *Impacts on the World* 🌍 - *Changing the Financial Landscape*: Bitcoin introduced the world to *digital currencies* and *decentralized finance (DeFi)*. It showed that people didn’t need to rely on traditional banks or financial institutions to store or transfer money. This concept paved the way for thousands of other cryptocurrencies and blockchain projects. -
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Conclusion Don’t fall for the hype and wild predictions. *LUNA Classic (LUNC)* has a long way to go, and *119 in 2025* is simply *not happening*. Stay informed, stay realistic, and don't let FOMO tak
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🌖 LUNC to 119 in 2025? Let’s Get Real! I’ve seen some posts saying that *LUNA Classic (LUNC)* will reach *119* in 2025. Seriously? It seems like some people didn’t do their homework or *market research*. Here’s the Truth Even if they burn *trillions of tokens*, *119* is just *impossible* in the short-term. Sure, burning tokens can help *reduce supply*, but it's going to take *years* to even make a dent in the total circulating supply to reach such a high price. *LUNC* would need *a massive market cap* to even come close to119—and that’s just not realistic for a token like this anytime soon. What You Need to Know - *LUNA’s Fall*: Remember *the LUNA crash in 2022*? That event changed everything for *LUNA Classic* (LUNC) and the entire *Terra ecosystem*. It shattered confidence, and we’re still recovering from the fallout. - *Current Price*: *LUNC* is currently trading at *around 0.0001* (as of now). At these levels, it would need to grow by a *huge percentage* to even reach1, let alone 119. Why119 is Unrealistic 1. *Total Supply*: *LUNC* has a *massive supply* (in the *trillions*), and burning tokens will take years to reduce it significantly. Even if they burn a huge chunk, the price won’t skyrocket that fast. 2. *Market Cap*: For *LUNC* to reach 119, its market cap would need to be *in the trillions*, which is nearly impossible for a coin with its current market cap. Bitcoin itself is *worth less than1 trillion*. 3. *Adoption and Use Case*: Just burning tokens isn’t enough. *LUNC* needs real-world *adoption* and *utility* to drive its price up. Without that, it’s just speculative hype. Stop Misleading New Traders! - *Do your research*: The market is tough, and misleading information only harms new traders who don’t know better. - *Long-term vision*: If you're holding *LUNC*, keep your expectations realistic. The road to recovery for *LUNA* is a *long one*, and it's not going to hit 119 anytime soon. - *Patience*: For *LUNA* to regain its glory, it will require *years* of rebuilding the trust and a *stronger ecosystem*
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