Claim BonusLUNC Price News: Coinbase To Purchase Terra Classic Tokens In Bulk?
LUNC Coinbase News: While the Terra Classic community continues to burn the LUNC tokens, rumors of Coinbase purchasing in bulk appears to pumping the LUNC price. The cryptocurrency is standing out among the top 50 tokens with its daily price rise. This comes after the cryptocurrency price dropping on Wednesday in the wake of massive selloff in the market. The crypto market, in what appears to be a sign of broader negative sentiment, continues to recover from November losses.
Also Read: Judge Approves Sam Bankman-Fried’s Extradition to United States
In this context, the Terra Classic (LUNC) price continues to rise in an encouraging sign for the community. As of writing, LUNC price stands at $0.0001374, up 5.48% in the last 24 hours, according to price tracking platform CoinMarketCap. This is significantly high compared to the daily low of $0.0001271. To put the LUNC price pump in context, Bitcoin (BTC) and Ethereum (ETH) prices are up by just 0.06% and 0.24% respectively. Interestingly, the LUNC trading volume is up by a staggering 48.55% in the last 24 hours.
Also Read: Best Crypto Telegram Channels List 2023
Coinbase LUNC Buy? Real Or Fake?
Although the news is yet to come out officially, the LUNC community is spreading out the message that Coinbase is purchasing $245 million in $LUNC. The message also points that Coinbase would announce the news publicly on additional burns on January 3, 2023. The following message is being circulated widely on crypto Twitter:
“Coinbase has just authorized the purchase of 245 million dollars in $LUNC. Internal source says that on the 3rd to announce publicly listing more off-chain burns.”
If the Coinbase news comes out to be true, it could come as a blast for the LUNC community. On Wednesday, Terra Classic validator Classy’s Crypto Sphere said it burned around 13 million LUNC tokens. This takes the total LUNC token volume burned by the community to more tha 36.231 billion.
Also Read: Bitcoin Price Prediction: Is This The Bottom For BTC Price Hitting $100K In 2023?
Know More: LUNC News: Terra Classic Developers Edward Kim, Zaradar To Work Together
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.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Dogecoin Price Pumps As Investors React to Elon Musk’s DOGE Moon Mission Post
- Is Trump Launching a New Coin? TMTG Teases Token Debut as Traders Turn Bullish
- Grayscale Insiders Are Quietly Selling XRP and Solana amid ETF Outflows: Report
- XRP Price Rebounds from 2-Year Low: Here’s Why
- Bitcoin Price Rebounds to $78K as BTC ETFs Flip Back to $561M Inflows
- HYPE Price Outlook After Hyperliquid’s HIP-4 Rollout Sparks Prediction-Style Trading Boom
- Top 3 Meme coin Price Prediction: Dogecoin, Shiba Inu And MemeCore Ahead of Market Recovery
- Here’s Why Pi Network Price Just Hit an All-Time Low
- Crypto Events to Watch This Week: Will the Market Recover or Crash More?
- XRP and BTC Price Prediction if Michael Saylor Dumps Bitcoin Following Crypto Market Crash
- Here’s Why MSTR Stock Price Could Explode in February 2026
