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LUNC News: USTC Price Soars 25% As 800M Burn Proposal Is Officially Passed #ustc
LUNC News: USTC Price Soars 25% As 800M Burn Proposal Is Officially Passed
#ustc
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My time is now now #luna #LUNC! 🚀🚀🚀🚀🚀🚀🚀🚀
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WEEX and Binance to Contribute to LUNC Burn Crypto exchange WEEX in a post on the X platform revealed its motive to stand firmly with the Terra Luna Classic community and the LUNC revival efforts. The Terra Luna Classic community’s token burn campaign to reduce the LUNC circulating supply finds support of another crypto exchange. Singapore-based crypto futures trading platform WEEX announced commitment to burn 30% of LUNC trading fees, similar to Binance burning 50% of trading fees for LUNC burn mechanism
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LUNC Price Grinds Closer To A Technical Breakout The ongoing sideways trading in the narrow range means that Terra Classic is experiencing a squeeze signalling a larger breakout in the short term. Based on the Bollinger Bands, a tighter squeeze could validate a gigantic move in LUNC price. A successful retest of the lower boundary will prop the token for a huge leap. FOMO is bound to kick in as LUNC climbs above the next immediate supply area at $0.0002. The move to $0.00025 and $0.0003 would be drastic and could set the pace for a parabolic rally above $0.001. #LUNC🔥
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Terra Classic Genuine Labs Proposal Officially Passed, LUNC Burn Rate Skyrockets LUNC burn rate has significantly increased this month with an average daily burn of 200 million tokens. As per StakeBin data, 1.3 billion LUNC tokens were burned this week. The decline in supply has caused a more than 2% rise in futures open interest on major derivatives exchanges.
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Terra Luna Classic Votes on v2.4.2 Upgrade Proposal Software upgrade proposal “Upgrade v2.4.2” is live now for voting on the Station wallet, seeking validators and community approval to update the terrad client to v2.4.2 (upgrade name v7). If the proposal is passed, Terra Luna Classic chain will be halted at block height 17309000, expected at 14:00 UTC on March 25. The voting on the proposal closes on March 15.
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