LUNC Token Eyes Recovery as Binance Burn Looms Following 26% Monthly Dip
- LUNC’s price stabilized above $0.000080 after a 26% monthly decline.
- Binance’s upcoming LUNC burn fuels market optimism despite a dip in trading volume.
- Terra Luna Classic’s staking ratio rises to 14.83% with over 1 trillion LUNC staked.
Terra Classic’s LUNC token experienced a notable downturn over the past month, declining more than 26%. According to data from Coinmarketcap, LUNC reached its monthly peak at $0.0001253 before falling sharply to a low of $0.00007334.
Following this dip, the token stabilized, maintaining its position above the $0.000080 support level. The daily chart indicates a slight recovery for LUNC, with a modest increase of 1.67%.
At press time, LUNC was trading at $0.00008396. Additionally, the token’s intraday market cap surged to $460,930,474, placing it at the 128th spot in market rankings.
This positive turn comes ahead of a significant LUNC burn scheduled by crypto exchange Binance next week, which has infused some optimism into the market sentiment. Despite this, the token’s 24-hour trading volume has dipped by 14.83% to $20,613,785, indicating a waning interest among investors.
Meanwhile, the US…
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