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According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC.

Binance announced its first weekly burn of Luna Classic (LUNC) spot and margin trading pair fees totaling $1.7 million. This batch of fees came from trades between Sep. 21, 2022, and Oct. 1, 2022, according to a recent announcement by the exchange.

Binance announced that it has burned 5.5 billion Luna Classic tokens following its implementation of the burn mechanism. The post Binance burns $1.9M LUNC tokens appeared first on CryptoSlate.

The bitcoin price failed to stay above $19,500.

Over the last week, the crypto space has been saturated with news of the hunt for Terra (LUNC) founder Do Kwon. The South Korean founder is now being hunted by both South Korean authorities, as well as Interpol, which means Kwon is now wanted in 190 countries.

Terra Classic's price today is $ 0.000322 with a 24-hour trading volume of $ 1.03B, a market cap of $ 1.98B, and market dominance of 0.21%. The LUNC price has decreased -2.44% in the last 24 hours. Terra Classic reached its highest price on Apr 5, 2022, when it was trading at $119.01.

The world's largest crypto exchange Binance has sent over 5 billion Terra Classic (LUNC) tokens to the burn address. Binance earlier announced burning trading fees on LUNC spot and margin trading pairs every Monday after the Terra community expresses dissatisfaction with the “opt-in button” proposal.

Three members of the Terra Classic community have penned their thoughts on how to achieve re-pegging for USTC and LUNC.

Binance announced on Monday plans to reduce token's supply by burning

Bitcoin's recent move to $19,000 is received positively, with some of the crypto majors like Ethereum (ETH), Cardano (ADA), and Ripple (XRP) all trading in the green zone. But the positive momentum does not extend to pump-and-dump tokens led by Terra Luna Classic (LUNC) and OAX (OAX), which fell during the day.

Crypto markets remained heavily consolidated during the past weekend as Bitcoin price continues to trade along the same support zone. The star cryptocurrency closed the previous week at around $19,000 with low volatility and low volume. The markets barely moved, flashing strong signs of exhaustion as the indices kept on falling.

On Sunday, Luna Classic, or LUNC, reached $0.000365 as traders awaited the final token burn figures from Binance. This represents more than 70% gains for the week and more than 44% for the month. This is a lot compared to the other cryptocurrencies, which did not garner impressive gains.

After being in an extremely bearish market for about a month, Terra Classic (LUNC) raised significantly, forming an upward parallel channel, indicating a bullish price trend. The crucial question is whether the price consolidation inside the parallel channel will sustain the bullish trend or not. The LUNC price is currently trading at $0.

Bitcoin price failed to stay above the $19,500 level. BTC is currently (03:10 UTC) consolidating above the $19,200 level. A downside break and close below $19,000 might start another drop to $18,500 or even $18,250.

Terra LUNA Classic (LUNC) is trending once again as it aggressively continues its recovery journey on the charts. In fact, the cryptocurrency is off to a hyped start this month, on the back of the LUNC community pursuing a Coinbase listing.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject. LUNA is the native cryptocurrency of the Terra system that was launched in 2019.

LUNC up 52% in a week, becomes most profitable crypto among top 100

Everything about LUNC burning rate as Binance ends first batch

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Gains of

Terra Classic is today's best performer with another 20% surge. Bitcoin stands still at $19K.

This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let's take a look at it in more detail.

Terra network is surviving its stance with Terra Classic (LUNC) after the devastating collapse of Terra's original chain LUNA in May 2022. The crypto market started its bearish journey after this collapse and has continued till today.

The original Terra token (Luna) is reviving itself with the rename Terra Classic (LUNC) after the devastating crash in May 2022. More than 40 billion dollars were wiped out of the market due to this crash and the Luna coin saw a 99.99% decline in price.

Terra Classic [LUNC] has managed to get out of its enclosure in the last few days as opposed to it being trapped up for months. Well, in the last seven days, LUNC registered over 3% gains and, at the time of writing, it was trading at $0.0002834.