LUNC Price Suddenly Jumps 11% as Billions of Tokens Are Burned

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LUNC Price Suddenly Jumps 11% as Billions of Tokens Are Burned
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LUNC trading volume jumps 289% amid surprising price jump LUNCArmy LUNCommunity $LUNC LuncBurn LUNCBURNING TerraClassic LUNAClassic

Binance burns 6.38 billion LUNC, has published the results of its sixth batch of burns.

According to the data updated on its website, LUNC tokens worth $1,189,861, or 6,389,199,628 LUNC, were sent to the burn address. This covers total trading fees on LUNC spot and margin trading pairs between Oct. 30 and Nov. 29, with the 0.2% tax applied.In October, the Terra Classic community approved proposal 5234, which reduces the 1.2% tax burn to 0.2% and keeps another 10% as tax revenue for the ecosystem's infrastructure and contributors.

Binance is scheduled to publish the details of its next batch of burns, the seventh one, on Jan. 2, 2023.

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