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LUNC burns 20M tokens daily, reaching 394B total burned, while the price stabilizes at $0.00011. What's next?

The Terra Luna Classic community is voting on the controversial proposal to increase the burn tax from 0.5% to 1.5% again. This can significantly boost LUNC and USTC burn rates, increase funds in the Community pool and Oracle pool, and trigger a rally in LUNC price.

Digital asset exchange Binance has supported a major Terra Luna Classic upgrade on its platform. Recently, Terra has rolled out new updates as the community tries to revive the ecosystem after the infamous implosion in 2022 that saw huge losses.

Major cryptocurrency exchanges, led by Binance, are supporting Terra Classic's v3.3.0 network upgrade, which introduces automated tax handling and improved developer tools while maintaining steady progress in token burning initiatives.

The world's largest crypto exchange Binance on Tuesday said it will support the Terra Classic (LUNC) network scheduled for today. The v3.3.0 upgrade is crucial for the chain and the community for tax handling and boosting utility by attracting developers and projects.

LUNC News: Terra Luna Classic has started voting on the major proposal to update the CoinMarketCap dashboard with valid details. This comes ahead of the major v3.3.0 upgrade related to simplifying tax handling and increasing utility.

Director Harry Hyun said the movie will portray “the reality of young people who are addicted to stocks during the day and coin speculation at night.”

LUNC price recovery accelerated this week as it jumped to its March highs. A forming technical chart points to a potential 60% jump, a view that is supported by the ongoing Terra Classic token burn.

Terra Luna Classic community votes on a major proposal to upgrade the chain for simplified tax handling and security. This update will also help developers and dapps from the broader Cosmos ecosystem to build on the Terra Classic network.

Terra Classic (LUNC) price has experienced a significant surge recently, riding the wave of a broader cryptocurrency market rally. This upswing has caught the attention of investors as bullish market trends dominate December.

Though noted for its long-term volatility and for failing to participate in the 2024 bull market since early March, Terra Classic (LUNC) has made great strides in recent weeks.

Terra Classic (LUNC) has struggled to maintain prices throughout 2024. Various measures have been implemented to stabilize LUNC's prices — most notably, token burns aimed at reducing supply and thus increasing value.

Bitcoin has begun it's journey to achieve the much-awaited milestone at $100K. Meanwhile, the top altcoins have also begun to swell. Etheruem strongly sustains above $3600, displaying huge possibility of reaching $4000 in a short while.

LUNC News: The world's largest crypto exchange Binance has increased leverage by four times for Terra (LUNA) trading. The move comes as the exchange extended support for the Terra Luna community amid the bankruptcy of Terraform Labs.

Terra Luna Classic price has risen gradually after bottoming in August, and analysts are optimistic that it has more upside. Terra Luna Classic (LUNC), the remnant of the collapsed Terra network, climbed to $0.

While the SEC touts its enforcement as a win for investors, the crypto industry is rejoicing over Chair Gary Gensler's imminent departure.

Terraform Labs' near $4.5 billion settlement with the SEC has contributed to a record year for the agency's financial penalties.

Terraform Labs' $4.5 billion settlement with the SEC contributed to a record year for the agency's financial penalties.

The Securities Exchange Commission (SEC) obtained orders for $8.2 billion in remedies for the 2024 fiscal year, a record high for the regulatory agency. This is a 67% increase from the $4.9 billion in financial penalties that it collected in 2023.

Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments.

Terra Luna Classic price has remained under pressure in the past few days, as it retreated by 10.95% from its highest level this week. LUNC, the remnant of the collapsed Terra network, was trading at the psychologically important support level at $0.00010.

Terra Classic (LUNC) price has surged sharply over the past week, fueled by a broader crypto market rally. This bullish November trend is capturing the attention of investors, and analysts anticipate further upward momentum.

Terra Classic (LUNC) joined the latest rally that saw Bitcoin topping $80K for the first time in history. As altcoin bulls flexed their muscles, LUNC gained over 20% on its weekly chart. Ecosystem developments such as intensified token burns and broad market rallies contributed to LUNC's prevailing performance.

Terra Classic registered double-digit growth last week, but the trend might change soon.