- Members of the Terra Classic community have reportedly burned 3.08 billion tokens.
- The upgrade is scheduled around 08-26-2022 at 22:00 UTC.
Since the Burning Community Campaign has grown, the value of LUNC has increased by 13%. Luna Classic (LUNC) and UST Classic (USTC), two tokens in a file Tera The ecosystem, has been the subject of a lot of controversy lately. Tokens, and LUNC in particular, have attracted the attention of cryptocurrency investors, driving up the price of the asset class.
The value of LUNC has increased 13% in the last 24 hours, 32% in the last 7 days, and 35% in the last month, according to CMC statistics. Given the recent events surrounding the LUNC project, investors have shown continued interest in the cryptocurrency, making this possible.
Members of the Terra Classic community have reportedly contributed billions to the address of the burnt wallet according to a Twitter account called LUNC Burn. The goal of the LUNC burn campaign is to increase the value of the cryptocurrency by reducing the amount of currency currently in circulation. The project appears to be going unimpeded so far.
🚨🚨 completely burnt out $ here It is 3.080 billion cubic meters
🔥🔥 The trading volume in the last 24 hours is 157 million dollars, 1.2% of which is 1.88 million dollars at these prices and the volume we would have burned 14.6 billion $ here 🔥🔥#far #Lonburn #lunaclassic
– LUNC Burn (@LunaBurn_13) August 25 2022
One might remember that the developers of the project, in an effort to make full investors after the May drop in the Terra ecosystem tokens, developed new chains and tokens. But not all investors thought it was a great approach to make up for their losses.
Meanwhile, Team Terra recently announced that the Terra Classic series will be updated. The upgrade is scheduled around 08-26-2022 at 22:00 UTC, which equates to a block height of 9,109,990. Many prominent exchanges, including Kucoin, Crypto.comBybit, FTX, Kraken, Poloniex, Huobi, and Binance have all shown their willingness to embrace the update.
Recommended for you:
#Terra #LUNC #Price #Massive #Burn #Upgrade