The Terra Classic (LUNC) community remains steadfast in its commitment to reach the $0.01 goal, demonstrating significant progress by burning over a billion LUNC tokens in for seven days. Recently, user CruptoBull, a member of the LUNC community, stated that the digital asset cannot be stopped amid an increase in the number of burning and staking of LUNC. In particular, he drew attention to the fact that in the period from January 17 to January 24, 1,117,048,514 tokens were withdrawn from circulation.
The screenshot of the message indicates that in addition to 1.11 burned tokens, more than 7.197 billion LUNCs were sent for staking during the same period. Statistics show that the value of staked coins increased by 14.95% compared to the previous week. Terra Classic Stakebin data confirms the accuracy of the LUNC supporter's information.
In addition, Stakebin statistics showed that over 25,961,527 tokens were burned in the last 24 hours. In addition, Stakebin data showed that token burning activity peaked at the beginning of the year. In particular, on January 1, 5,660,701,679 LUNC were burned.
Another pro-LUNC YouTuber provided data showing that over 95 billion LUNCs have been sent to the dead wallet over time. Encouraged by these statistics, he expects that the 100 billion threshold will be crossed next week, which will be facilitated by burns involving Binance.
Given the increased LUNC burning activity, members of the community are increasingly confident that a rise to $0.01 is becoming more realistic. Currently, LUNC is trading at $0.000102 with an increase of 1.5% over the last 24 hours. To rise to $0.01 from the current price, an increase of 9810% will be required.
