Up in arms! Terra Luna Classic (LUNC) Token Burn and InQubeta Price Surge
Token Burn By Terra Luna Classic Community
The Terra Luna Classic community is in the middle of the voting process for its 800 million USTC burn proposal. This proposal comes after the previous proposal was rejected due to concerns about the possible legal consequences.
Terra Luna Classic validators, Lunanauts, have expressed their concerns regarding the previous proposal numbered 11913. This new proposal numbered 11927 offers a âlegalâ solution to burning funds held in Risk Harbor multisig wallets.
The community has been notified that Risk Harbor lost access keys and has agreed to blacklist the wallet, making burning a necessary step.
Binance and InQubeta Price Surge
Binance, one of the largest crypto exchanges, has burned 4 billion LUNC tokens. This step was taken as part of their efforts to help stabilize the value of the digital currency . In response to Binance's token burn, the price of InQubeta (QUBE) tokens saw a 20% spike.
This shows that the crypto market is very responsive to various actions taken by big players in the industry. This price spike could be a positive indicator for investors looking for opportunities in the crypto market.
With the token burns by the Terra Luna Classic and Binance communities, as well as the surge in InQubeta prices, the crypto market is once again showing its unexpected dynamism. For those of you who are interested in jumping into the crypto wave, this could be the right moment to pay attention to market movements.
*Disclaimer
This content aims to enrich reader information. Always do your own research and use cold hard cash before investing. All buying and selling and investing activities in crypto assets are the responsibility of the reader.
