LUNC News: Terra Luna Classic Burn Reaches 50B, Price Jump Ahead?

Terra Luna Classic’s total burn reaches nearly 50 billion as a project committing massive weekly burn sends over 106 million LUNC to the burn address. The community burned over 547 million LUNC tokens last week, after a massive 9 billion LUNC burned in the first week of March supported by 8.85 billion tokens burned by Binance.
Cremation Coin on March 14 revealed that it has burned over 106 million Terra Luna Classic (LUNC) tokens in a single transaction. With its highest-ever burn since December, the project has in total burned nearly 200 million LUNC since committing to the LUNC burn campaign to reduce circulating supply.
The transaction details reveal 106,101,562 LUNC tokens sent to the burn address at 8:16:56 AM on March 14. It has a transaction fee of 212,210 LUNC. Cremation Coin commits to converting 10% of its trading volume to Terra Luna Classic (LUNC) tokens every week.
On March 7, Cremation Coin burned 51,733,696 LUNC tokens to enter the top 10 LUNC burn list of LUNC Dash. The project is now at the 7th position, behind validator Allnodes’ 344.35 million total LUNC burn.
Terra Classic influencer Classy Crypto in a tweet earlier agreed with massive amounts of LUNC tokens burned by Cremation Coin. He purchased some CREMAT tokens to increase the LUNC burn amount, saying “Just grabbed a bag, let’s burn some LUNC.”
Also Read: Terra Classic Community Rejects Proposal To Remove Core Dev “Zaradar”
Terra Luna Classic Price To Rally?
Terra Luna Classic (LUNC) price jumped nearly 5% in the last 24 hours, with the price currently trading at $0.00014. The 24-hour low and high are $0.000130 and $0.000141, respectively. Furthermore, the trading volume is flat in the last 24 hours, indicating a decrease in interest among traders due to recent crypto market troubles.
The latest rally is supported by the market-wide recovery in the market after the U.S. CPI data. Bitcoin price rallied past $26K, the first time in the last 9 months.
Also Read: Silicon Valley Bank Now Under Investigation By U.S. SEC & Department Of Justice
- Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash
- BSC Meme Season Ends as PumpFun Surpasses Four Meme Amid $8M Inflows
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism