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đ„đ„Terra Classic Should Reawaken After Binance Burns 2.2 Billion LUNCđ„đ„
đ„Binance, the biggest cryptocurrency exchange, burned nearly 2 billion LUNCs in one day.
đ„đ„Binance begins massive LUNC burn
đ„A Terra Luna army member on X (previously Twitter) revealed Binance's 2.2 billion LUNC burn. The cryptocurrency exchange burned 2,243,572,668 LUNC tokens worth $321,301.
đ„Since May 2022, Binance has burned 53.49 billion LUNC over 2,956 transactions. The crypto exchange debuted February 2024 with 2.09 billion LUNC burned.
đ„On January 1, Binance burned 5.57 billion LUNC tokens again. The crypto exchange has burned a lot of LUNC tokens on the first of every month for years.
đ„About 102.14 billion LUNC tokens have been burnt since May 2022. Large-scale burning by Binance and the Terra Classic community are included.
đ„The Terra Luna army thanked Binance's former and present CEOs, ChangPeng Zhao and Richard Teng, for their support of Terra Classic via its burn operations.
đ„Binance's token-burning activities demonstrate the exchange's commitment to sustainable development in the Terra ecosystem and its collaboration with the Terra community to revive Terra Classic.
đ„đ„Terra Classic Could Return
As the Terra Classic community appreciates Binance's aggressive attempts to increase the token's value, anticipation has created a possible market revival.
đ„Burning tokens to regulate a cryptocurrency's supply might affect its market dynamics. Terra Classic may recover after Binance burned 2.2 billion LUNC.
đ„Binance's monthly burns have been slowly reducing LUNC's supply to promote scarcity and perhaps boost its price.
đ„The Terra Classic community also reports that LUNC has broken major resistance levels and is strong. The cryptocurrency has risen 49% in 30 days, demonstrating its commercial potential.
#TrendingTopic #LUNC #BTC
đ„Binance, the biggest cryptocurrency exchange, burned nearly 2 billion LUNCs in one day.
đ„đ„Binance begins massive LUNC burn
đ„A Terra Luna army member on X (previously Twitter) revealed Binance's 2.2 billion LUNC burn. The cryptocurrency exchange burned 2,243,572,668 LUNC tokens worth $321,301.
đ„Since May 2022, Binance has burned 53.49 billion LUNC over 2,956 transactions. The crypto exchange debuted February 2024 with 2.09 billion LUNC burned.
đ„On January 1, Binance burned 5.57 billion LUNC tokens again. The crypto exchange has burned a lot of LUNC tokens on the first of every month for years.
đ„About 102.14 billion LUNC tokens have been burnt since May 2022. Large-scale burning by Binance and the Terra Classic community are included.
đ„The Terra Luna army thanked Binance's former and present CEOs, ChangPeng Zhao and Richard Teng, for their support of Terra Classic via its burn operations.
đ„Binance's token-burning activities demonstrate the exchange's commitment to sustainable development in the Terra ecosystem and its collaboration with the Terra community to revive Terra Classic.
đ„đ„Terra Classic Could Return
As the Terra Classic community appreciates Binance's aggressive attempts to increase the token's value, anticipation has created a possible market revival.
đ„Burning tokens to regulate a cryptocurrency's supply might affect its market dynamics. Terra Classic may recover after Binance burned 2.2 billion LUNC.
đ„Binance's monthly burns have been slowly reducing LUNC's supply to promote scarcity and perhaps boost its price.
đ„The Terra Classic community also reports that LUNC has broken major resistance levels and is strong. The cryptocurrency has risen 49% in 30 days, demonstrating its commercial potential.
#TrendingTopic #LUNC #BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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