- LUNC’s price is up more than 180% in seven days.
- There are now over 528.8 billion LUNC hostages.
Community efforts such as token burning as well as project development, ecosystem education and governance have dramatically increased the value of all Terra tokens. In particular, investors showed a lot of enthusiasm TERRA CLASSIC (LUNC), bringing its daily trading volume to over $2 billion. In the past 24 hours, the value of LUNC has increased by more than 70% according to CMC.
As the community continues to burn and store LUNC tokens, the price of Terra Classic (LUNC) has skyrocketed. LUNC’s price is up more than 180% in seven days. The price hike spanned the weekly range from $0.0001524 to $0.000447. If the current trend continues to the upside, the community believes that the short-term target of $0.01 will be reached this month.
There are now more than 528.8 billion LUNC stakes and over 3.5 billion LUNC stocked burnt by the community. In the past 24 hours, over 400,000,000 LUNC tokens have been destroyed. And over the past 24 hours, $2.8 billion has been raised.
In fact, Binance was responsible for more than $1 billion in trade volume, causing KuCoin to deplete its supply of LUNC tokens. Additionally, a 1.2% burn tax plan will be announced on September 12th.
Recent announcements of governance plans, improvements, burn-in, bets, etc. by Terra have led to a massive price increase. Terra has released a governance alert bot to update the public on all governance related events.
The proposed 1.2% burn tax will accelerate the burning of LUNC tokens. That’s why everyone seems so confident in the Terra Classic (LUNC).
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