1. Binance confirms ownership of 3 wallets holding over 300 billion $LUNC
Initially, Binance did not publicly disclose information about the ownership of these wallets, which caused skepticism within the community. However, recently, Binance updated their official website, confirming that these wallets are owned by them. This move shows that Binance holds a large amount of $LUNC, reinforcing their position as one of the largest holders of this token.
2. Burn tax exemption: Cost optimization strategy
Adding these wallets to the whitelist helps Binance save on transaction costs by avoiding the 0.5% burn tax applied on the Terra Classic chain. Previously, Binance used these wallets and incurred the burn tax, but the current tax exemption allows them to make large transactions without losing fees, which could lead to an increase in on-chain activity.
3. Impact on the community and the $LUNC market
Binance's move has sparked debate within the community, with the question 'Why now?' being raised. Some community members are concerned about transparency and Binance's influence on the Terra Classic chain. However, Binance's public disclosure and adherence to voting processes indicate that they are trying to collaborate with the community to promote the development of the ecosystem.
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📈 Current market situation of $LUNC
Currently, the price of Terra Luna Classic (LUNC) is around $0.00005997, with a slight increase of 0.01096% in the last 24 hours. Although the price remains low compared to peak times, Binance's active participation and community activities could create momentum for future recovery.
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🔮 Prediction and Recommendation
Binance's confirmation of holding large wallets and the burn tax exemption may be a sign that they are preparing for larger activities related to $LUNC. If Binance continues to support the Terra Classic chain through activities such as token burning, staking, or dApp development, this could drive the value and acceptance of $LUNC.
However, it is important to note that the cryptocurrency market is always volatile and risky. Investing in $LUNC should be done after careful consideration and close monitoring of developments within the community and from Binance.
If you need more information or support regarding investment strategies related to $LUNC, I am always willing to help.
