Binance Burns $922,000 Worth of LUNC, So What Is the Future of Terra Luna Classic?
Join Our Telegram channel to stay up to date on breaking news coverage With over $450 million in volume over the last 24 hours, Terra Classic is still one of the most actively traded cryptocurrencies. Earlier today, Binance said its most recent burn attempts irreversibly deleted approximately 3 billion LUNC, or roughly $1 million. Binance, the biggest cryptocurrency exchange in the world, said in late September that its CEO, Changpeng Zhao, will honour a 1.2% burn on the transactions tax retroactive to September 21. More than 5.5 billion LUNC were destroyed in the first LUNC burn, which lasted from September 21st to October 1st, and another 2.9 billion were destroyed in the second LUNC burn, which lasted from October 1st to October 8th. Binance has lost over $3 million due to the burn, but most LUNC trades have occurred on the exchange’s platform since the news. There Has Been an Effort to Burn More LUNC Binance has destroyed 8,588,471,344.33 LUNC due to the burn, whi...