🔥🔥Terra Classic Should Reawaken After Binance Burns 2.2 Billion LUNC🔥🔥
🔥Binance, the biggest cryptocurrency exchange, burned nearly 2 billion LUNCs in one day.
🔥🔥Binance begins massive LUNC burn
🔥A Terra Luna army member on X (previously Twitter) revealed Binance's 2.2 billion LUNC burn. The cryptocurrency exchange burned 2,243,572,668 LUNC tokens worth $321,301.
🔥Since May 2022, Binance has burned 53.49 billion LUNC over 2,956 transactions. The crypto exchange debuted February 2024 with 2.09 billion LUNC burned.
🔥On January 1, Binance burned 5.57 billion LUNC tokens again. The crypto exchange has burned a lot of LUNC tokens on the first of every month for years.
🔥About 102.14 billion LUNC tokens have been burnt since May 2022. Large-scale burning by Binance and the Terra Classic community are included.
🔥The Terra Luna army thanked Binance's former and present CEOs, ChangPeng Zhao and Richard Teng, for their support of Terra Classic via its burn operations.
🔥Binance's token-burning activities demonstrate the exchange's commitment to sustainable development in the Terra ecosystem and its collaboration with the Terra community to revive Terra Classic.
🔥🔥Terra Classic Could Return
As the Terra Classic community appreciates Binance's aggressive attempts to increase the token's value, anticipation has created a possible market revival.
🔥Burning tokens to regulate a cryptocurrency's supply might affect its market dynamics. Terra Classic may recover after Binance burned 2.2 billion LUNC.
🔥Binance's monthly burns have been slowly reducing LUNC's supply to promote scarcity and perhaps boost its price.
🔥The Terra Classic community also reports that LUNC has broken major resistance levels and is strong. The cryptocurrency has risen 49% in 30 days, demonstrating its commercial potential.
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