lunchpoltoken

Binance and DFLUNC have devised a bold plan to drastically reduce the supply of $LUNC , setting the stage for a potential resurgence in its value. Here's a breakdown of the key points:
1. Major Partnership: Binance and DFLUNC are teaming up to burn 30 billion each lunc month. This ambitious plan aims to significantly reduce the token's supply, potentially increasing its value.
2. Innovative Burn Mechanism: The strategy initially targets a daily burn rate of 1.2 billion $LUNC , amounting to 36 billion per month. However, factoring in a 20% discount, the goal is still to achieve 30 billion#lunchcoin burned monthly.
3. The Role of DFC: Binance is committing 50% of its fees to be burned via DFLUNC. This partnership ties the value growth of DFC to the burn rate, further boosting the daily burn and increasing the likelihood of meeting targets.
4. Potential Burn Rate Growth: Depending on market conditions and trading volumes, the monthly burn could surge to 50 billion, 100 billion, or even 150 billion $LUNC , accelerating the token's value recovery.
5. Who Gains?: Both uppor LUNC ters and DFC holders stand to benefit from this strategy. Reducing the supply will drive up demand and value, potentially restoring $LUNC ’s prominence in the market.
6. Future Vision: If other exchanges follow Binance's lead, the monthly burn could escalate to 150 billion $LUNC . As exchanges accumulate $DFC, the value of both $LUNC and $DFC could grow significantly.
7. Call to Action: This burn strategy is set to begin, and its success could mark a turning point for $LUNC . With a coordinated effort, the #lunchpoltoken supply could shrink rapidly, driving up its price and reshaping its future.
As ares LUNC prpare for this supply reduction, its price and ecosystem may see substantial changes, aiming to create lasting value through an aggressive burn initiative.
#ScrollOnBinance #UptoberBTC70K? #APESurge
$LUNC

Terra Luna Classic burns 251B LUNC, 264M USTC as Terraform Labs shuts Shuttle Bridge, aiming for market impact amidst regulatory settlement.
Terraform Labs (TFL) has executed a large-scale token burn of 251 billion Terra Luna Classic (LUNC) and 264 million TerraClassicUSD (USTC) tokens from circulation. The burn was part of a settlement with the U.S. Securities and Exchange Commission (SEC) that required TFL to dispose of specific assets held in its Shuttle Bridge wallets.
Terra Luna Classic Burns LUNC and USTC Holdings
According to an update on X (formerly Twitter), the recent burn event is linked to TFL’s decision to permanently shut down the Shuttle Bridge, a cross-chain transfer solution for Terra Classic tokens. As a precautionary measure and to avoid any legal complications, TFL closed the bridge on the 31st of October, 2024. In the US SEC settlement, TFL committed to destroying the tokens stored in the Shuttle Bridge wallets with a view to meeting regulatory requirements.
The burn took out around 4% of the LUNC supply, which stands at around 5.45 trillion tokens.
Although this could be seen as significant when looking at the numbers, market experts posit that this could be insufficient to make the prices skyrocket due to lack of enough demand. TerraClassicUSD (USTC) also received a significant reduction with its 264 million tokens burnt while this accounts for a lesser part of its 5.56 billion circulating supply.

LUNC and USTC Price Reaction
Despite the substantial reduction in circulating supply, the market reaction has been restrained. LUNC price saw an increase of 3%, while USTC price rose by 1.70%, according to CoinMarketCap data.
Analysts attribute the limited price movement to the overall large supply of these tokens, as the recent burn represents only a fraction of the total amount in circulation. It’s a good thing that supply is down, but since there are still billions still in circulation it’s doubtful this will have much effect on prices,’ said a market analyst. This relative calm suggests that although burns can cut down on supply, token utility and consumer appetite are needed for more significant gains.
While the immediate price impact was limited, technical indicators suggest the possibility of a future uptrend. Analysts have identified a “falling wedge” pattern on LUNC’s price chart, a formation that typically signals a bullish reversal. This pattern forms when prices oscillate between converging trendlines, often hinting at a potential breakout.

Source: Trading View
Support levels for LUNC are currently around $0.000083572, where strong buying interest has been observed. Resistance within the pattern is gradually decreasing, pointing to diminishing bearish sentiment.
If LUNC breaks through the upper trendline, some analysts believe it could aim for a target price around $0.0001, potentially setting the stage for further gains if market conditions align.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news for trading, staking, investing after our own research. Terra Luna Classic Burns LUNC And USTC Holdings, LUNC Price hits $1 USD

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