Terra Classic is showing some signs of life thanks to a system that is being implemented by leading cryptocurrency exchange platform, Binance. Binance burns another 3 billion LUNC, brings total of burned units to 17.9 billion LUNC briefly exhibits upward price rally, up by 5% in the past 24 hours at one point A 12% dip might bring Terra Classic price all the way to $0.00018 It can be recalled that on September 26, 2022, the company decided to burn all spot and margin trading fees on LUNC transactions by sending them to a specific wallet address. This was Binance’s response to the proposal of the Terra Classic community to maintain good trading experience for its users. Since then, around 17.9 billion LUNC tokens have been burned. The latest process initiated by the crypto exchange led to the destruction of 3 billion units of the crypto. There was an apparent positive response to this development, as Terra Classic notches 5% spike in the last 24 hours. But can LUNC step up and gain more? Not A Smooth Sailing For Terra Classic It would appear the digital token failed to capitalize on what is now considered short-lived gain following another massive burning courtesy of Binance. LUNC rice is now eyeing a 12% discount and investors are now wondering if they should buy the dip. At press time, according to tracking from Coincodex, LUNC is changing hands at $0.000277 and is now down by 7.55% for the past 24-hours as it quickly relinqu...
