🌖 LUNC Burn Fuels Terra Classic Price to Eye Huge 170% Rally

The recent burn of 1 billion LUNC tokens by Binance has reignited investor interest in Terra Luna Classic price. The token’s trading volume on Binance has surged, fueling optimism about its price prospects.

The Terra Classic Foundation announced that 50% of trading fees will be used to buy back and burn LUNC tokens. This strategy aims to reduce the token’s circulating supply, boosting market expectations for a potential price rally.

According to LUNC metrics, 393 million LUNC tokens were burned in the past seven days. Since May 13, 2022, the total burn count has reached 389.25 billion tokens. Despite this, the current circulating supply remains high at 6.51 trillion tokens, with the total supply slightly above 6.52 trillion.