Why Terra $LUNC Price Has Been Surging Recently Recent surges in token burns across the Terra Classic ecosystem have given the cryptocurrency further impetus. Just under 630 million LUNC tokens were burned in the past three days, reducing the available supply. This continued supply crunch is driving the demand and price growth. The other focus has been on the monthly burn by Binance on May. The size of the burn is anticipated to be greater given the heightened trading activity in April. The company continues to burn tokens using proceeds from its spot and margin trading fees. Derivatives trading volume on major exchanges has also been increasing to support the rally. data shows that LUNC open interest increased to $37.85 million during the rally. This reflects the renewed interest in speculations and positioning by short-term traders. LUNC Gains Momentum as Network Upgrade and SEC Settlement Shape Outlook The community is also looking to the Terra Classic v4.0.1 network upgrade proposal currently under voting. This is until May 6 and will improve the network’s performance and address earlier network problems. Sentiment has also been influenced by other legal moves by Terraform Labs. The company has settled with the U.S. Securities and Exchange Commission and is moving forward with bankruptcy burns. This might help expedite the shift to a community-led governance structure. The development of the network continues to provide additional support for the price movement. Looking ahead, there are prospects for the return of Galaxy Station and potential exchange listings in the future. $LUNA $USTC
Users can do so by: - Binance Wallet: Go to the [Market] tab > Search > Trade - Binance Alpha: Go to the [Asset] tab > [Alpha] > Select the token > Sell
CENTCOM briefs Trump today on plans to seize part of the Strait of Hormuz, hit Iranian infrastructure with "short and powerful" strikes, and send special forces to grab Iran's enriched uranium.
🇺🇸 US 10Y bond yield is fast approaching the 4.5% level.
Since April 2025, every time US 10Y has reached around 4.5%, Trump has announced something bullish to pump the markets.
Even last month, the US-Iran ceasefire announcement happened when the US 10Y almost reached 4.5%
But this time, the situation looks a bit different.
Trump is planning to start another wave of strikes against Iran, which will pump bond yields and oil prices.
This could be a bluff from the US to bring Iran to the negotiation table, but if that fails, markets could experience another sharp dump. $BTC $ETH $BNB