Binance Burns 1.14B LUNC, Sparking 10% Price Surge
Binance burned 1.14 billion Terra Luna Classic (LUNC) tokens, leading to a 10% price surge in both LUNC and USTC, reigniting hopes for a revival of the Terra Luna Classic ecosystem.
This marks Binance’s 26th LUNC burn, bringing their total to over 64 billion tokens. The burn reduces supply, boosting investor confidence and sparking price growth. Increased burn activity has fueled optimism, with analysts predicting a potential 40% rally for LUNC. Currently, LUNC trades at $0.00009723, and USTC at $0.02433, with trading volumes spiking.
