Bullish Signal On LUNC: Researcher Spots Potential Triggers

• Collin Brown has spotted significant bullish developments in the LUNC ecosystem.
• LUNC community members have staked over one trillion LUNC tokens.
• Binance burned 1.7 billion LUNC tokens on July 1.

Acclaimed blockchain researcher Collin Brown has spotted significant bullish developments in the Terra Luna Classic ecosystem. In a recent post highlighting Terra Classic Foundation’s recent announcement on X, Brown identified trends that suggest improved LUNC adoption that could signal a potentially bullish sentiment for the altcoin.

Terra Luna Classic Staking Ratio Hits 15% With 1T LUNC Staked!

Over 1 trillion Terra Luna Classic (LUNC) tokens staked.
Staking ratio surges to 15.01%.
Recent LUNC burns by Binance add to optimism. $70.15 million worth of LUNC staked.

Staking reduces… pic.twitter.com/btFKb1FWi5

— Collin Brown (@CollinBrownXRP) July 6, 2024

According to Brown, onchain data reveals that Terra Classic community members have staked over one trillion LUNC tokens, amounting to $70.15 million. He noted the figure reflects a surge in the crypto token’s staking ratio, pushing it to 15.01%. The blockchain researcher further highlighted that the incr…

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