LUNC trading volumes increase by 153% as prices rebound; here's why $LUNC Terra TerraClassic LUNAtics LUNAClassicCommunity LUNCommunity
suddenly gained 25% in an hour after its price fell for six consecutive days. At the time of publication, LUNC was changing hands at $0.00025, up 13.67% in the last 24 hours and down 6.61% in the past week. LUNC was also demonstrating a 153% increase in trading volumes at press time.
However, the hype quickly fizzled as the price tumbled nearly 90% since Sept. 17. Likewise, the announcement by Binance on the 1.2% tax burn to be implemented on on-chain transactions did not help the mood of the traders.While many LUNC supporters anticipated the implementation of a token burning tax when transacting on Binance, Binance CEO Changpeng Zhao refuted such a decision.
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