Terra Classic rally after Binance burns 3.9b LUNC, this altcoin could also soar
Terra Classic (LUNC) has been rally ing over the past week, surging more than 181% due to intense buying pressure. Further fueling interest in LUNC, Binance just completed its 16 th token burn, removing 3.9 billion LUNC from circulation. As LUNC keeps drawing attention, traders are also watching new gaming altcoin , TG.Casino (TGC), which has raised over $3.3 million in presale. Binance burns help boost Terra Classic price to $0.00026 On Dec. 1, Binance executed its 16 th token burn of LUNC, covering trading fees accumulated on the exchange from Oct. 31 to Nov. 29. Binance has burned over 43 billion LUNC from fees to date, significantly reducing the circulating supply. The recent burn of 3.9 billion tokens is significantly higher than November’s burn of 760 million tokens, the lowest amount yet. You might also like: Terraform Labs’ strategic move fuels USTC and LUNC rally This surge in the burn rate correlates with a massive spike in LUNC trading volumes on Binan...