Terra Classic (LUNC) ends the week as the most profitable cryptocurrency among top 100 CoinMarketCap luncburn lunccommunity luncarmy terra lunaclassic $lunc
LUNC burning
has added fuel to the volatility, with Binance, the largest holder of token liquidity, announcing the implementation of a burning mechanism on the exchange. The number of LUNC burned by Binance will be known tomorrow, with the first collection of trading fees in margin and spot LUNC pairs on the exchange ending Oct. 1.LUNC is currently trading at $0.000336, having consolidated in an important area above $0.00032.
remains mixed. On the one hand, about 300 million LUNCs are burned daily, on the other, the total supply is still 6.9 trillion tokens.LUNC also remains extremely prone to speculation by market makers and large holders, which increases the risks of opening positions. The positives that the burning data from Binance could bring could both play into a rise in LUNC quotations and give these entities a great opportunity to dump their tokens.
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