Read-only. In March 2018, #bcn was listed on Binance at a price of 0.10 per coin. Up to that point, everything was fine; the FOMO led Bytecoin to be worth 0.012 on HitBTC. Everyone bought BCN thinking it would reach 0.10 and match the price on the Binance market, but Binance decided to delist the token. They closed deposits and withdrawals. People were left trapped since they couldn't transact with the BCN token. In response, Binance bought all the BCN from users on the platform for USDT at the closing price of that date. Now the question is, will BCN come back to life at some point and do the same as $BTC since Binance minted BCN from users and BCN is a monster that still breathes on HitBTC. Source: Memories of 2018 BCN on Binance. This is for informational purposes only; no one is obliged to buy anything! Follow me; it's free, my friend. Thanks for reading. $XRP $LUNA #TokenReserve #BNBChainMeme #BinanceAlphaAlert
lunc has been corrupted. better buy normal luna, it's cheap.
BRITNEY_S
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🤔 LUNA andLUNC: What's Really Happening?
Alright, let’s break this down because something’s a bit *odd* with LUNA andLUNC. If you’ve been following the markets, you’ve probably noticed the *price differences* and *odd behavior* with these two coins. Let's dig into what’s really going on, and what might be coming next! 🚀
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*The Situation with LUNA andLUNC:* - *LUNA* is currently trading at *0.204*, showing a *+2.25%* increase. - *LUNC* is sitting at *0.00006289*, with a *+0.8%* rise.
At first glance, nothing unusual, right? But here’s the twist… *something doesn’t add up* here when we dive deeper into the staking wallets for both.
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*The Staking Wallets: What’s Odd? 🤨*
1. *LUNA Staking Wallet*: WithLUNA, *coins are not being removed from circulation* when they’re staked. In other words, staking LUNA doesn’t really impact the overall supply. *More coins stay in circulation*, so the price *might get suppressed* due to this constant availability.
2. *LUNC Staking Wallet*: On the other hand, *LUNC* works a bit differently. WhenLUNC is staked, these coins are *removed from circulation*, effectively reducing the total supply. *This is key* because it means that there are *less LUNC coins available* in the market, which could *increase scarcity*.
--- *What Does This Mean for the Market? 📉📈*
Now, here's where it gets interesting. If you look closely, you might start seeing some *price manipulation* patterns. With *LUNA*, there’s no supply reduction, so the price can *remain steady or even go down*. However, with *LUNC*, the supply is being *reduced through staking*, which *could artificially inflate the value* over time if they take action.
But here’s the catch: It seems like the exchanges might be *deliberately pushing the price down* for *LUNA*, keeping the prices suppressed even though the coins are staked and out of circulation. This *could create an opportunity for a big price surge* once they finally *deduct those coins* from the staking wallet and bring them back into the system.
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*CouldLUNA and LUNC Suddenly Shoot Up? 🚀*
Here’s the prediction: If exchanges start *deducting those staked coins* fromLUNA’s circulation, the *price could suddenly shoot up*, especially as the supply of available coins reduces. As the market sees fewer coins available, *the value could spike* if demand remains constant or increases. 📈