Binance, the world's largest cryptocurrency exchange, recently burned 1.14 billion Terra Luna Classic (LUNC) tokens. This burning process led to a significant price surge of over 10% for both LUNC and USTC tokens.
Through September, Binance has burned over 64 billion LUNC tokens and decided to increase the burn frequency to multiple times per month, signifying a strategy to potentially boost token value.
A recent analysis suggests a potential rally for LUNC prices, indicating a possible 40% increase. The initiative has sparked various responses from the crypto community.
