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Binance Burns 1.35 Billion Terra Luna Classic, Crypto Exchange’s Net Burn Hits 60 Bln
The world’s largest crypto exchange Binance on Saturday burned 1.35 billion Terra Luna Classic tokens in the 22nd batch of its LUNC burn mechanism, continuing its support to the Terra Classic community.
Binance’s total LUNC burn to date has now surpassed 60 billion, accounting for more than 52% of the total LUNC burned by the Terra Luna Classic community.
Binance Sends 1.35 Billion Terra Luna Classic To Burn Address
Crypto exchange Binance sent 1.35 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the LUNC burn transaction on June 1.
The 22nd batch of the LUNC burn mechanism Binance burned a significant amount of trading fees for the period between April 30 to May 30. Binance has now burned nearly 60.42 billion Terra Luna Classic (LUNC) tokens from trading fees on LUNC spot and margin trading pairs.
Meanwhile, the net burn by the Terra Luna Classic community has now surpassed 116 billion LUNC.
$LUNC
$USTC
The world’s largest crypto exchange Binance on Saturday burned 1.35 billion Terra Luna Classic tokens in the 22nd batch of its LUNC burn mechanism, continuing its support to the Terra Classic community.
Binance’s total LUNC burn to date has now surpassed 60 billion, accounting for more than 52% of the total LUNC burned by the Terra Luna Classic community.
Binance Sends 1.35 Billion Terra Luna Classic To Burn Address
Crypto exchange Binance sent 1.35 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the LUNC burn transaction on June 1.
The 22nd batch of the LUNC burn mechanism Binance burned a significant amount of trading fees for the period between April 30 to May 30. Binance has now burned nearly 60.42 billion Terra Luna Classic (LUNC) tokens from trading fees on LUNC spot and margin trading pairs.
Meanwhile, the net burn by the Terra Luna Classic community has now surpassed 116 billion LUNC.
$LUNC
$USTC
Dogecoin Price: Whale Shifts 421M DOGE Sparking Price Speculations
Dogecoin price has recovered some of its recent losses today, but massive whale transactions have sparked fresh speculation in the market. A recent report from Whale Alert, a leading on-chain transaction tracking platform, revealed that 421 million DOGE, valued at $6.61 million, was moved between unknown wallets. This significant transfer has generated considerable buzz among investors and analysts.
Whale Movements Ignite Market Speculation
The meme coin sector has gained notable traction over the past few days, as witnessed by the recent surge in prices. Notably, Dogecoin has attracted significant traction as investors seem to shift their focus towards the leading meme coin.
The transaction involved a whale identified by the wallet address “DBdiA..9q4dD,” which shifted 421 million DOGE to another unknown wallet. This large movement has led to a flurry of speculation about potential market impacts.
Meanwhile, Whale Alert’s report highlights the transfer, noting the substantial value of the transaction and the potential implications for Dogecoin’s price. Notably, whale movements often signal significant strategic decisions by large holders, which can influence market dynamics.
Considering that investors are closely watching these activities, trying to decipher the intentions behind such massive transfers. The recent activity has fueled discussions about whether this whale is preparing for a major market move, potentially impacting Dogecoin’s price in the near future.
$DOGE
Dogecoin price has recovered some of its recent losses today, but massive whale transactions have sparked fresh speculation in the market. A recent report from Whale Alert, a leading on-chain transaction tracking platform, revealed that 421 million DOGE, valued at $6.61 million, was moved between unknown wallets. This significant transfer has generated considerable buzz among investors and analysts.
Whale Movements Ignite Market Speculation
The meme coin sector has gained notable traction over the past few days, as witnessed by the recent surge in prices. Notably, Dogecoin has attracted significant traction as investors seem to shift their focus towards the leading meme coin.
The transaction involved a whale identified by the wallet address “DBdiA..9q4dD,” which shifted 421 million DOGE to another unknown wallet. This large movement has led to a flurry of speculation about potential market impacts.
Meanwhile, Whale Alert’s report highlights the transfer, noting the substantial value of the transaction and the potential implications for Dogecoin’s price. Notably, whale movements often signal significant strategic decisions by large holders, which can influence market dynamics.
Considering that investors are closely watching these activities, trying to decipher the intentions behind such massive transfers. The recent activity has fueled discussions about whether this whale is preparing for a major market move, potentially impacting Dogecoin’s price in the near future.
$DOGE
Top Meme Coins To Buy Now: Binance
The world’s largest crypto exchange Binance on Friday expanded support for 3 meme coins to make trading more accessible and improve the trading experience for its users. Binance reduced the minimum order size of spot and margin trading pairs to encourage users to invest in Dogecoin (DOGE), BOME, and dogwifhat (WIF) meme coins. Are these top meme coins to buy right now?
Best Meme Coins To Invest In After Adjustment By Binance
In an official announcement on May 31, Binance said it would reduce the minimum order size of some DOGE, BOME, and WIF spot and margin trading pairs. The crypto exchange said the adjustments will make trading more accessible and improve trading experience for its users.
Binance has reduced the minimum order size from 5 to 1 for all following trading pairs, which users can trade from June 7. The trading pairs with reduced order size are DOGE/EUR, DOGE/FDUSD, DOGE/TUSD, DOGE/USDC, and DOGE/USDT.
Also, trading pairs for BOME and WIF are BOME/FDUSD, BOME/USDC, BOME/USDT, WIF/FDUSD, WIF/USDC, and WIF/USDT.
Notably, the adjustments will not affect spot trading, margin trading or other relevant functions. The minimum size order updates will not impact existing spot and margin order.
DOGE, WIF, BOME Price Performance
DOGE price fell 1% in the past 24 hours and jumped 22% in May, with the price currently trading at $0.159. The 24-hour low and high are $0.154 and $0.162, respectively. Furthermore, the trading volume has decreased by 33% in the last 24 hours, indicating a decline in interest among traders.
Meanwhile, WIF and BOME prices dropped over 3% and 1% in the past 24 hours. WIF price saw over 35% rally in a month, while BOME recorded more than 55% run in May.
Meme coins are set for further rally as crypto market gains momentum after a recovery. Traders and analysts believe altcoins will have a massive altcoin season this cycle, giving investors a big return on investment.
$DOGE
$BOME
$WIF
#DYOR #memecoin
The world’s largest crypto exchange Binance on Friday expanded support for 3 meme coins to make trading more accessible and improve the trading experience for its users. Binance reduced the minimum order size of spot and margin trading pairs to encourage users to invest in Dogecoin (DOGE), BOME, and dogwifhat (WIF) meme coins. Are these top meme coins to buy right now?
Best Meme Coins To Invest In After Adjustment By Binance
In an official announcement on May 31, Binance said it would reduce the minimum order size of some DOGE, BOME, and WIF spot and margin trading pairs. The crypto exchange said the adjustments will make trading more accessible and improve trading experience for its users.
Binance has reduced the minimum order size from 5 to 1 for all following trading pairs, which users can trade from June 7. The trading pairs with reduced order size are DOGE/EUR, DOGE/FDUSD, DOGE/TUSD, DOGE/USDC, and DOGE/USDT.
Also, trading pairs for BOME and WIF are BOME/FDUSD, BOME/USDC, BOME/USDT, WIF/FDUSD, WIF/USDC, and WIF/USDT.
Notably, the adjustments will not affect spot trading, margin trading or other relevant functions. The minimum size order updates will not impact existing spot and margin order.
DOGE, WIF, BOME Price Performance
DOGE price fell 1% in the past 24 hours and jumped 22% in May, with the price currently trading at $0.159. The 24-hour low and high are $0.154 and $0.162, respectively. Furthermore, the trading volume has decreased by 33% in the last 24 hours, indicating a decline in interest among traders.
Meanwhile, WIF and BOME prices dropped over 3% and 1% in the past 24 hours. WIF price saw over 35% rally in a month, while BOME recorded more than 55% run in May.
Meme coins are set for further rally as crypto market gains momentum after a recovery. Traders and analysts believe altcoins will have a massive altcoin season this cycle, giving investors a big return on investment.
$DOGE
$BOME
$WIF
#DYOR #memecoin
LUNC & USTC Open Interest Soars Over 20%, Terra Luna Classic Price Set For 60% Rally
Terra ecosystem tokens saw prices rallying in double digits after Terraform Labs and co-founder Do Kwon reached a settlement in principle with the U.S. Securities and Exchange Commission (SEC). LUNC and USTC prices skyrocketed 15% within hours, but pared some gains to settle at 9% higher in the last 24 hours.
Analysts believe LUNC price can again hit the $0.0002 level, making a further rally of more than 60% from current prices.
LUNC Price Set for 60% Rally
CoinGape reported that TFL and Do Kwon tentatively settled with the U.S. SEC over fraud charges. This agreement follows a jury’s verdict in April, where Kwon and his company were found liable for deceiving investors for nearly $40 billion.
U.S. District Judge Jed Rakoff has asked the SEC and the defendants to file papers supporting the settlement by June 12. The SEC seeks Terraform Labs and Do Kwon to relinquish $5.3 billion for ill-gotten gains from sales of the stablecoin, along with a $420 million fine on the company and a $100 million fine for Kwon.
Terra (LUNA) price jumped 30% in an hour and currently trading 16% higher at $0.70 in the last 24 hours, supported by a 450% leap in trading volumes in the last 24 hours.
Terra Classic ecosystem tokens LUNC and USTC prices also witnessed rallies due to the settlement. LUNC price is trading 9% higher at $0.0001240, with a 24-hour high of $0.000131. The trading volume has increased by over 150% in the last 24 hours, indicating massive interest among traders.
Analyst Javon Marks in a post on X said LUNC “setting new post-breakout highs in a run that may only be in extremely early stages!” He predicts a 63% move to $0.00021439 as a result of the breakout.
$LUNC $LUNA $USTC
Terra ecosystem tokens saw prices rallying in double digits after Terraform Labs and co-founder Do Kwon reached a settlement in principle with the U.S. Securities and Exchange Commission (SEC). LUNC and USTC prices skyrocketed 15% within hours, but pared some gains to settle at 9% higher in the last 24 hours.
Analysts believe LUNC price can again hit the $0.0002 level, making a further rally of more than 60% from current prices.
LUNC Price Set for 60% Rally
CoinGape reported that TFL and Do Kwon tentatively settled with the U.S. SEC over fraud charges. This agreement follows a jury’s verdict in April, where Kwon and his company were found liable for deceiving investors for nearly $40 billion.
U.S. District Judge Jed Rakoff has asked the SEC and the defendants to file papers supporting the settlement by June 12. The SEC seeks Terraform Labs and Do Kwon to relinquish $5.3 billion for ill-gotten gains from sales of the stablecoin, along with a $420 million fine on the company and a $100 million fine for Kwon.
Terra (LUNA) price jumped 30% in an hour and currently trading 16% higher at $0.70 in the last 24 hours, supported by a 450% leap in trading volumes in the last 24 hours.
Terra Classic ecosystem tokens LUNC and USTC prices also witnessed rallies due to the settlement. LUNC price is trading 9% higher at $0.0001240, with a 24-hour high of $0.000131. The trading volume has increased by over 150% in the last 24 hours, indicating massive interest among traders.
Analyst Javon Marks in a post on X said LUNC “setting new post-breakout highs in a run that may only be in extremely early stages!” He predicts a 63% move to $0.00021439 as a result of the breakout.
$LUNC $LUNA $USTC
LUNC Price Analysis: Bullish Setup May Trigger a 26% Upside in the Short Term
The LUNC price rebounded after a reversal following the March general market rally. Since April 15, the asset has been forming an ascending triangle chart pattern, considered bullish with a 63% probability of breaking to the upside and a 37% chance of breaking downward.
The 200-day moving average is slightly above the current LUNC price, offering some resistance but not enough to push it down significantly. Terra Luna Classic’s price could quickly overcome this resistance with positive news.
If the price breaks upward from the ascending triangle pattern, LUNC could see a 26% increase, reaching $0.000151.
In an inverse scenario, the LUNC price may find support around $0.00009, a level it has tested twice in the past six months. The Moving Average Convergence Divergence (MACD) indicator is trending upward and is nearing the neutral mark. Additionally, both the LUNC price action and the MACD are moving in the same upward direction, indicating an overall bullish market sentiment for Terra Luna Classic.
This upward trend in the MACD suggests strengthening bullish momentum, reinforcing the possibility of a positive price movement. If the LUNC price breaks above its current resistance levels, it could trigger a significant rally. However, if the price fails to hold, it might find stability at the $0.00009 support level, potentially setting the stage for future upward movements
#LUNC $LUNC #binanceburn
The LUNC price rebounded after a reversal following the March general market rally. Since April 15, the asset has been forming an ascending triangle chart pattern, considered bullish with a 63% probability of breaking to the upside and a 37% chance of breaking downward.
The 200-day moving average is slightly above the current LUNC price, offering some resistance but not enough to push it down significantly. Terra Luna Classic’s price could quickly overcome this resistance with positive news.
If the price breaks upward from the ascending triangle pattern, LUNC could see a 26% increase, reaching $0.000151.
In an inverse scenario, the LUNC price may find support around $0.00009, a level it has tested twice in the past six months. The Moving Average Convergence Divergence (MACD) indicator is trending upward and is nearing the neutral mark. Additionally, both the LUNC price action and the MACD are moving in the same upward direction, indicating an overall bullish market sentiment for Terra Luna Classic.
This upward trend in the MACD suggests strengthening bullish momentum, reinforcing the possibility of a positive price movement. If the LUNC price breaks above its current resistance levels, it could trigger a significant rally. However, if the price fails to hold, it might find stability at the $0.00009 support level, potentially setting the stage for future upward movements
#LUNC $LUNC #binanceburn
LUNC Price: Terra Classic Eyes 26% Gains On Binance Periodic Token Burn Event
LUNC Price: Terra Classic is almost at the end of a bullish chart structure, which coincides with Binance Burn Day. The burns are expected to trigger a price jump.
Over the past two months, the LUNC price has gradually increased in anticipation of the upcoming LUNC burn by Binance, which is set to occur in two days. Today, Terra Luna Classic (LUNC) is trading at $0.00011, reflecting a 3.5% decrease in the last 24 hours and a 1% decrease over the past week.
$LUNC
LUNC Price: Terra Classic is almost at the end of a bullish chart structure, which coincides with Binance Burn Day. The burns are expected to trigger a price jump.
Over the past two months, the LUNC price has gradually increased in anticipation of the upcoming LUNC burn by Binance, which is set to occur in two days. Today, Terra Luna Classic (LUNC) is trading at $0.00011, reflecting a 3.5% decrease in the last 24 hours and a 1% decrease over the past week.
$LUNC
#MyFirstFeedPost Hello, Binance Square!
Terra Luna Classic Rejects LUNC Burn Proposal
Proposal 12105 “Increase burn tax” is rejected by the Terra Luna Classic community, with most holders criticizing the proposal for lack of reasoning and “lazy effort”. This is a text proposal and not a parameter change, so even if it passed it would not change the tax. A new proposal is required with a compelling description and discussion time on Commonwealth.
The proposal received a mere 21.35% “Yes” votes. Terra Luna Classic community voted 32% “No” and 38% “No with veto” votes, turning down the narrative for revising the burn tax. Validators also voted against the proposal as there is no data to support the tax increase, no complimentary strategies to support the tax increase, and no volume projections.
Recently, the community changed the LUNC burn tax distribution to oracle pool instead of rewards. The proposal has received 70% votes in favor with 37 validators in support of the proposal. Terra Classic has a burn tax set to 0.5%. Out of this, 80% is for burn and 20% is distributed as 10% to Community Pool and 10% to Oracle pool.
LUNC Price Jumps Amid Rising Sentiment
LUNC price jumped 1% in the last 24 hours with the LUNC price currently trading at $0.0001145. The 24-hour low and high are $0.0001143 and $0.0001207, respectively. Furthermore, trading volume has increased by 70% in the last 24 hours, indicating a rise in interest among traders.
Meanwhile, USTC price is also trading sideways at $0.02237. The 24-hour low and high are $0.02246 and $0.02377, respectively.
#LUNC #USTC
Terra Luna Classic Rejects LUNC Burn Proposal
Proposal 12105 “Increase burn tax” is rejected by the Terra Luna Classic community, with most holders criticizing the proposal for lack of reasoning and “lazy effort”. This is a text proposal and not a parameter change, so even if it passed it would not change the tax. A new proposal is required with a compelling description and discussion time on Commonwealth.
The proposal received a mere 21.35% “Yes” votes. Terra Luna Classic community voted 32% “No” and 38% “No with veto” votes, turning down the narrative for revising the burn tax. Validators also voted against the proposal as there is no data to support the tax increase, no complimentary strategies to support the tax increase, and no volume projections.
Recently, the community changed the LUNC burn tax distribution to oracle pool instead of rewards. The proposal has received 70% votes in favor with 37 validators in support of the proposal. Terra Classic has a burn tax set to 0.5%. Out of this, 80% is for burn and 20% is distributed as 10% to Community Pool and 10% to Oracle pool.
LUNC Price Jumps Amid Rising Sentiment
LUNC price jumped 1% in the last 24 hours with the LUNC price currently trading at $0.0001145. The 24-hour low and high are $0.0001143 and $0.0001207, respectively. Furthermore, trading volume has increased by 70% in the last 24 hours, indicating a rise in interest among traders.
Meanwhile, USTC price is also trading sideways at $0.02237. The 24-hour low and high are $0.02246 and $0.02377, respectively.
#LUNC #USTC
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