#Binance
WARNING: The price of $LUNC breaks the main resistance as the milestone of 410 billion approaches!📝📊📄📈😎🤔
The price of Terra Luna Classic $LUNC has risen to $0.00006430, its highest level since March 28. It has jumped nearly 40% from the lowest level this year.
The upward trend may continue as the network's burn rate accelerates. According to LUNC Metrics, the network burned 205.3 million tokens in the last seven days. Since May 2022, LUNC has burned a total of 408.2 billion tokens, reducing the circulating supply to 5.45 trillion. If this pace continues, the total burns are expected to exceed 410 billion by the beginning of next month.
Additional LUNC tokens are expected to be burned next week when Binance conducts its monthly token burn. The exchange has emerged as the leading burner of LUNC, having destroyed over 72 billion tokens. Binance contributes by burning 50% of its trading fees related to LUNC.
The actual number of tokens burned each month varies according to trading volume. For instance, earlier this month, Binance burned 521.9 million tokens, down from 760 million the previous month.
More LUNC holders are also staking their tokens. Currently, over 1.038 trillion LUNC, approximately 15% of the circulating supply, are staked. This is a notable increase from the 13% on the same day last year. #LUNC #tokens #Binance
