Binance is set to burn 1.7 billion LUNC tokens tomorrow as part of its ongoing commitment to reduce the Terra Luna Classic (LUNC) supply. This marks another significant burn event, which could have a short-term bullish impact on LUNC’s price, depending on market sentiment. Key Points About the Binance LUNC Burn: Total Burned So Far – Binance has already burned over 50 billion LUNC through previous burn events. Burn Mechanism – The exchange burns a portion of the LUNC spot and margin trading fees collected from users. Potential Market Impact – If traders react positively, LUNC could see a price pump, but the overall impact depends on trading volume and whale activity. Long-Term Outlook – Burns alone may not be enough; real utility and adoption of LUNC within the Terra Classic ecosystem are needed for sustainable growth. Are you holding LUNC? Do you think this burn will push the price up, or is it just temporary hype? $LUNC $FDUSD $VET #LUNC✅ #FDUSD50K #VETUpdate #BinanceLaunchpoolRED #EthereumRollbackDebate Today's PNL 2025-03-02 -$0.55 -1.54% Share too Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs. LUNC 0.00006618 -1.62% FDUSD 0.9986 -0.04% VET 0.02779 -1.69% #LUNA #TrendingTopic
$RED ’s pre-market listing has left many traders puzzled—why aren't limit orders being filled? Let’s break it down. What’s Happening? $RED was distributed via a Launchpool Airdrop, where users locked BNB, FDUSD, and USDC to receive tokens (max 5,000 $RED per user). After farming ended, pre-market listing began on Feb 28, 10:00 (UTC), allowing traders to place limit orders—but no immediate buys. Why Can’t You Buy? Binance caps price movement to 200% of the opening price ($0.2) on Day 1, increasing to 300% on Day 2 and 400% on Day 3 to control volatility. No instant buys—only limit orders that act as a "price vote" for the market. No money flow yet—actual trading starts after this 3-day period ends when 280M RED enters circulation. What’s Next? Your limit order will only be filled if the price reaches your set amount when normal trading begins.