WISE MOONBIX
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🌖 LUNC Price Falls As Burn Rate Rises
Terra Luna Classic price has retreated even as data points to an accelerating pace of burn rate. According to LUNCMetrics, the network burned 48.7 million tokens on Monday this week. Most of these burns, or about 44.5 million, were on-chain burns, while the rest were daily wallet burns.
The burn rate has been on an a gradual increase as the network incinerated 29.7 million tokens a day earlier and 17 million on Saturday. #TerraLunaClassic has cumulatively burned over 286.9 million tokens in the last seven days. These burns have brought cumulative burns since inception in May 13 2022. The burning trajectory will likely continue to accelerate in 2025.
Burning or incinerating is a popular process in the crypto industry. In this process, tokens are moved to an inaccessible address, boosting their price by reducing the number in circulation.
$LUNC
price has also pulled back even as its ecosystem grows. For example, Air For LUNC, a top play-to-earn game in the network was recently named one of best blockchain action game of the year.
#BIOOnBinance
The burn rate has been on an a gradual increase as the network incinerated 29.7 million tokens a day earlier and 17 million on Saturday. #TerraLunaClassic has cumulatively burned over 286.9 million tokens in the last seven days. These burns have brought cumulative burns since inception in May 13 2022. The burning trajectory will likely continue to accelerate in 2025.
Burning or incinerating is a popular process in the crypto industry. In this process, tokens are moved to an inaccessible address, boosting their price by reducing the number in circulation.
$LUNC
price has also pulled back even as its ecosystem grows. For example, Air For LUNC, a top play-to-earn game in the network was recently named one of best blockchain action game of the year.
#BIOOnBinance
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