Terra Luna Classic (LUNC) has experienced a notable price surge after implementing a significant token burn of 320 million LUNC. This strategic move has reduced the overall supply of the tokens.
Traders view the reduced supply as a potential catalyst for price appreciation. As the circulatory availability of LUNC decreases, investors anticipate increased price pressure.
This anticipation is expected to fuel an upward trend, with more traders showing interest in LUNC as a result of the supply shrinkage.
