$LUNC | MD IQBAL KHAN on Binance Square

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$LUNC 

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$LUNC LUNC could be headed for the lows, but bears need patience The liquidation heatmap showed that the $0.0001 and the $0.000063-$0.000071 zones were the next magnetic zones for the price. Given the range high rejection, AMBCrypto concluded a move downward was more likely over the next week or two. The liquidation heatmap showed that the $0.0001 and the $0.000063-$0.000071 zones were the next magnetic zones for the price. Given the range high rejection, AMBCrypto concluded a move downward was more likely over the next week or two. The $0.000087 and $0.000091 levels were the short-term bullish targets. Swing traders could use a price bounce to look for opportunities to sell LUNC.

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$LUNC 🌖 Terra To Burn Tokens Post This Upgrade, Another LUNA & LUNC Price Rally Ahead? Terraform Labs reveals a major governance proposal for the Terra blockchain, fueling discussions over its potential impact in the crypto community. The proposal, which will mark the final chain upgrade under TFL’s direct oversight if approved, is expected to boost the LUNA and LUNC tokens’ prices. It involves several upgrades, including a major token burn proposal among others. It’s worth noting that as of writing, the majority votes were cast in the proposal’s favor, with no votes towards a “No” or “No with Veto”.

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$LUNC #update #updat 🌖 Terraform Labs Sparks LUNA and LUNC Price Rally with Key Hearing Date LUNA and LUNC prices briefly moved upward following a crucial announcement from Terraform Labs. LUNA is trading at $0.3289, reflecting a 0.50% increase, while LUNC climbed 2% to $0.000082. The surge in trading volume suggests growing interest among traders as the company prepares for significant developments. But what’s causing the surge today? Read on. Terraform Labs Sets September 19 for Bankruptcy Hearing Terraform Labs (TFL), the company behind the Terra ecosystem, revealed that the Chapter 11 bankruptcy hearing for Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) is scheduled for September 19 at 10:00 AM ET. This hearing marks a pivotal step in the company’s reorganization plan, which has been in progress since the Chapter 11 filing in January. The firm previously reached a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC) in June.

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$LUNC LUNC Price To Hit $0.0001 In July? LUNC price dropped over 1% in the past 24 hours, with the price currently trading at $0.00008196. The 24-hour low and high are $0.00008050 and $0.00008366, respectively. However, trading volume has decreased further by 21% in the last 24 hours. Binance LUNC burn, Terraform Labs’ LUNC and USTC burn, and Tax2Gas implementation in July to provide the necessary push in LUNC price, with the community expecting a recovery above $0.0001. Meanwhile, USTC price trades at $0.01783, down 1.5% in the last 24 hours. The 24-hour low and high are $0.01755 and $0.01802, respectively. Trading volume has decreased by 12%, indicating a dip in interest among traders. In the derivatives market, LUNC and 1000LUNC futures open interests have fell in the last 24 hours. Traders now awaiting the monthly close and further cues from macro for trading in July.

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$LUNC Terra Luna Classic To Remove 18 Billion LUNC From Supply, Will LUNC And USTC Rally? Terra Luna Classic community to burn 12 billion in LUNC and 68 million USTC in contracts including Lido DAO rewards dispatcher, removing them completely from supply. The move comes as the community started removing LUNC and USTC from circulating circulating supply for revival and repeg to $1. Terra Luna Classic 12 billion LUNC Burn The Terra Luna Classic community takes out 12 billion in LUNC and 68 million USTC from circulation. It is the second largest removal from the circulating supply after the recent 7 billion LUNC burned in burn tax that saw 8.34 billion total fees accrued in a single day. The massive 12 billion LUNC will be burned from Anchor bLuna rewards and Lido rewards dispatcher contracts, as per a proposal. Also, the changes are live on the CoinMarketCap and CoinGecko. Since the contract owner has invalidated itself, the Terra Luna Classic community now owns the contracts. “These funds are locked since Lido DAO passed a proposal on June 22, 2022 to make all Lido contracts on Terra Classic non upgradable and make their ownership invalid,” revealed an X account named Terra Classic Foundation. The governance voting on the proposed burn to begin soon to get the community’s approval on burning these funds. Terra Luna Classic developers also remove other LUNC and USTC from circulation that will be burned over time. The community removed 93 million LUNC and 87 million USTC in the Terra Shuttle Bridge (BSC) contract from the circulating supply.

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