Terra Luna Classic Witnesses 6.5B LUNC Burn Amid Large Wallet Movements

The post Terra Luna Classic Witnesses 6.5B LUNC Burn Amid Large Wallet Movements appeared first on Coinpedia Fintech News

Terra Luna Classic saw over 6.5 billion LUNC burned in the last 24 hours as large wallets sold LUNC tokens. The move comes after Terraform Labs’ CEO confirmed yesterday to burn LUNC and USTC they hold in their TFL and LFG wallets. The total burn by the community has now reached over 123 million LUNC with Binance being the top burner with 60 billion in LUNC burned so far through their monthly burn mechanism. LUNC’s price crashed over 19% in the past 24 hours while its trading volume increased by 630% in the last 24 hours.

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