LUNC, USTC Price Jump 10% As Binance Burns 1.14 Billion Terra Luna Classic
Binance burns 1.14 billion Terra Luna Classic tokens, sparking a 10% price surge in LUNC and USTC, amid renewed optimism for the crypto's revival.
Highlights
Binance burns 1.14 billion LUNC tokens, sparking market optimism.
The latest development has fueled a rally in LUNC and USTC prices.
A recent LUNC price analysis hints at a potential 40% rally in the crypto's price in the near future.
The world’s largest crypto exchange Binance has burned 1.14 Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism. This move has sparked optimism, as evidenced by the surge of over 10% in LUNC and USTC prices. Besides, the latest LUNC burn frenzy by the leading exchange has also fueled investors’ sentiment, who are anticipating a further rally in the crypto’s price.
Binance Continues Terra Luna Classic Burn Initiative
In the latest move, the top crypto exchange Binance has burned 1.14 billion LUNC tokens. This reflects the exchange’s commitment to the Terra Luna Classic community, which has sparked market optimism. Besides, this substantial burn has pushed the prices of LUNC and USTC higher today by more than 10%, indicating a growing market confidence.
LuncLive validator owner, Mr. Diamondhandz, highlighted the importance of Binance’s contribution to social media platform X, expressing his gratitude to Binance CEO Changpeng Zhao and his team. He said, “Binance burned 1,142,098,248.09 LUNC for their monthly burn! Thank you CZ and company for supporting the LunaClassic community since 2022! LUNC to the moon!” His statement reflects the community’s optimism and ongoing support for the revival of the Terra Classic ecosystem.
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