Sign Up on MEXC
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
- Michael Saylor, Crypto Executives Meet to Push for Strategic Bitcoin Reserve Bill
- U.S. House Reattaches Anti-CBDC Bill to CLARITY Act Ahead of Senate Review
- Breaking: UK and US to Align Crypto Regulations Amid Trump’s Pro-Crypto Agenda
- Breaking: Binance Nears Deal With U.S. DOJ To Drop Compliance Monitor, BNB Reaches New ATH
- Pro-Crypto Stephen Miran Sworn in as Fed Governor Ahead of FOMC Meeting
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
- Bitcoin Price Prediction as Fed Decision Nears — Dump Before the Next Rally?
- Ethereum Price Prediction As Standard Chartered Says Treasury Buying Will Boost ETH Over Rivals
- Solana Price Prediction: Analyst eyes $1,250 as Galaxy Digital and Forward Industries Intensify Accumulation
