Terra Classic Community Continues to Burn Tokens on the Path to $0.01
Date: 2024-01-28 Author: Dima Zakharov Categories: BLOCKCHAIN
Burning Tokens and Staking Growth
The Terra Classic (LUNC) community is on a relentless mission to achieve their $0.01 goal, and recent developments show their determination. A member of the LUNC community, CryptoBull, highlighted the unstoppable nature of this digital asset amidst increasing token burns and LUNC staking. Between January 17th and 24th, a staggering 1,117,048,514 tokens were removed from circulation.
Additionally, a screenshot shared in the message revealed that during the same period, over 7.197 billion LUNC tokens were staked. Statistics indicate that the value of staked coins has increased by 14.95% compared to the previous week.
Stakebin Data Confirms the Trend
Terra Classic Stakebin data corroborates the information provided by LUNC supporters. Furthermore, Stakebin's statistics indicate that more than 25,961,527 tokens were burned in the past 24 hours.
Moreover, Stakebin data shows that token burning activity reached its peak at the beginning of the year, with 5,660,701,679 LUNC tokens burned on January 1st.
A Promising Outlook
Another YouTuber advocating for LUNC shared data revealing that over 95 billion LUNC tokens have been sent to a dead wallet to date. Encouraged by this statistic, they anticipate that the 100 billion mark will be surpassed next week, thanks to burns involving Binance.
With the growing momentum in token burning, community members are increasingly confident that the climb to $0.01 is becoming more realistic. Currently, LUNC is trading at $0.000102, showing a 1.5% increase in the last 24 hours. To reach $0.01 from the current price, an increase of 9810% will be needed.
