LUNC News Over This Update Pumping Terra Classic Price? More In Store?

Anvesh Reddy
December 2, 2022 Updated September 6, 2025
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Terra Luna Classic Community Selects CertiK for Secure L1 Developments

Terra Classic (LUNC) Price Prediction News: The LUNC community proposal around token burning mechanism is leading to pump in the cryptocurrency price. In a latest, top crypto exchange Binance burned over 6 billion Terra Classic (LUNC) tokens. This led to a big spike in LUNC price, which is around 12% higher than 24 hours ago. It remains to be seen if there would be a further jump in the token’s price.

Also Read: Coinbase Blames Apple For Disabling NFT Transactions

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Binance Burn News Pumping LUNC Price?

As of writing, Terra Classic (LUNC) price stands at $0.0001815, up 10.88% in the last 24 hours, according to price tracking platform CoinMarketCap. At one point on Thursday, LUNC jumped to a new weekly highly of $0.0001902. Earlier, Binance said that as part of the 6th batch of the LUNC burn mechanism, it burnt over 6 billion LUNC tokens. This makes is around 20 billion LUNC tokens burned so far in the form of trading fees on Terra Classic spot and margin trading pairs.

In November 2022 alone, the Terra Classic LUNC community burned around 150 million LUNC tokens. Binance said it would update the details on token burn each month.

“The calculation of total trading fees on LUNC spot and margin trading pairs to be burned from the previous month will be done on the first day of every month.”

Also Read: Over 10K Bitcoin (BTC) Moved To Crypto Exchange, Are Miners Selling?

In other news, web 3.0 infrastructure platform Ankr faced a huge exploit that amounted to millions of dollars. As per latest reports, the hacker has reportedly minted 10 trillion Ankr Reward Bearing Staked BNB. It is also found that there was a transfer of 900 BNB coins to Tornado Cash. Ankr said in response that it was working with exchanges to immediately halt trading. All underlying assets on Ankr Staking are safe at this time, it clarified.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.