1. Current Price: $0.675

2. Market Cap: $1.04 billion

3. Fully Diluted Market Cap: $1.04 billion

4. Market Dominance: 0.0335%

5. Circulation Supply: 1.55 billion FLOW

6. Total Supply: 1.55 billion FLOW

7. Issue Date: January 17, 2021

8. Issue Price: $0.01

9. All-Time High: $46.1626 (April 5, 2021)

10. All-Time Low: $0.3920637 (September 12, 2023)

Investment Considerations:

Prospects:

Strong Project Backing: Flow is known for powering blockchain applications, including NFTs and gaming projects like NBA Top Shot.

Affordable Entry Point: The price is far below its all-time high, potentially making it attractive for long-term investment.

Established Circulation: Full supply is already circulating, reducing inflation risk.

Risks:

Market Volatility: Cryptocurrency is inherently risky and price swings can be dramatic.

Competition: Flow faces significant competition from other blockchain platforms like Ethereum and Solana.

Market Trends: Consider the overall sentiment of the crypto market, as it heavily influences asset performance.

Recommendations:

Research More: Study Flow’s roadmap, partnerships, and use cases.

Diversify Investments: Don’t allocate all your funds to one asset; diversify across sectors and assets.

Set Targets: Define your risk tolerance and financial goals before investing.

#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
As of 2024, the burning of Terra Luna Classic (LUNC) tokens continues to be a significant mechanism for reducing its circulating supply. Key contributions include Binance's monthly burns, which recently incinerated 5.59 billion LUNC in January 2024, bringing the total burned to over 389 billion since May 2022. Binance alone accounts for approximately 52% of all burns, reflecting its critical role in the LUNC ecosystem.

Recent data shows that around 253.84 billion LUNC were burned in the last 30 days, with a daily burn rate of over 8.4 billion tokens. Much of the burning comes from transaction taxes and direct contributions to official burn wallets.

This effort aims to create scarcity and potentially enhance the token's value, though market conditions and other dynamics also play a role in price movement. For real-time updates, platforms like Binance and burn trackers are helpful for monitoring ongoing reductions in supply.