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
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.
The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…
The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…
Pi Network has now added two new features to its Testnet. These are a decentralized…
U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…
Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…
The U.S. Treasury and IRS have released an interim guidance, which highlights plans to ease…