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King Meshanko RMlk
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$LUNC
why has it increased in supply
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LUNC
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-4.78%
697
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On November 26, 2024, Terra Luna Classic (LUNC) is expected to experience significant developments
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The reopening of the Shuttle Bridge and the subsequent burning of unclaimed assets is expected to have a significant impact on the price of Terra Luna Classic (LUNC). Here’s how: 1. **Supply Reduction**: The burning of tokens held in the wallets of Terraform Labs and the Luna Foundation Guard will permanently remove a portion of LUNC from circulation. This reduction in supply, assuming demand remains constant or increases, could lead to upward pressure on LUNC’s price. 2. **Market Sentiment**: The announcement of the Shuttle Bridge reopening has already sparked a positive reaction in the market, with LUNC seeing a price increase. This indicates that traders and investors are optimistic about the potential benefits of reducing the token supply, which can enhance market sentiment further. 3. **Long-Term Impact**: While the short-term impact has been positive, the long-term effects on LUNC will depend on broader market conditions, the success of the redemption process, and how the Terra community responds to these changes [[❞]](https://coinpedia.org/news/terraform-labs-bankruptcy-hearing-sparks-luna-and-lunc-price-rally/) [[❞]](https://coingape.com/terra-confirms-bankruptcy-hearing-date-will-lunc-luna-price-recover/). Overall, if the supply reduction is significant and the market remains supportive, LUNC could see further price appreciation.
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Baby Elon Buy!....... during the bull run it will delete several zeros time to think of this train 🔵🔵🔵 Spent: 0.0521 WBNB ($30.7) Got: 4,521,928,006,671.47 BabyElon Buyer Position: ⬆️ 792.08%! Buyer Holdings: 5,092,817,399,633.23 BabyElon ($34.5) DEX: PancakeSwap Holders Count: 17,846 Price: 0.00000000000001149 WBNB ($0.000000000006774) MarketCap: $2,845,186 TX | Swap | Chart | Trending
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$BTTC The Burn of BTT (BitTorrent Token) can potentially help the BitTorrent ecosystem (BTTC) in a few ways. Firstly, by reducing the circulating supply, it can create scarcity, potentially driving up demand and value for existing tokens. Secondly, it could incentivize long-term holding among investors, as the reduced supply may lead to increased token value over time. Additionally, burning tokens can also signal confidence in the project's future and its commitment to managing tokenomics effectively.$
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BTTC had gone against BTC trend
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