Terra Classic (LUNC) Price Prediction News: The LUNC community proposal around token burning mechanism is leading to pump in the cryptocurrency price. In a latest, top crypto exchange Binance burned over 6 billion Terra Classic (LUNC) tokens. This led to a big spike in LUNC price, which is around 12% higher than 24 hours ago. It remains to be seen if there would be a further jump in the token’s price.

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Binance Burn News Pumping LUNC Price?

As of writing, Terra Classic (LUNC) price stands at $0.0001815, up 10.88% in the last 24 hours, according to price tracking platform CoinMarketCap. At one point on Thursday, LUNC jumped to a new weekly highly of $0.0001902. Earlier, Binance said that as part of the 6th batch of the LUNC burn mechanism, it burnt over 6 billion LUNC tokens. This makes is around 20 billion LUNC tokens burned so far in the form of trading fees on Terra Classic spot and margin trading pairs.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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