• The price of LUNC reached a high of $0.000185, with Binance burning 2.21 billion tokens.
• The Terra Luna Classic token burn has reached 53 billion, with Binance supporting 100 species in the ecosystem.

LUNC’s price has increased by 27% in the last 24 hours, reaching $0.00018 in the morning. Over the past month, the token has seen an 83% increase in price. Additionally, LUNC has a trading volume of over $332,000,000, making it one of the top-performing coins. Meanwhile, Bitcoin’s price remains steady around $61,000.

Why is LUNC’s price rising today?

The recent surge in LUNC’s price is attributed to the community’s reaction to the latest burn news. Binance announced on March 1, 2024, that they have burned 2.21 billion LUNC tokens. This marks their support for LUNC’s burn program since 2022. The 19th batch of burned tokens brings the total number of LUNC tokens to 100 billion.

As LUNC tokens continue to be permanently removed from the market, the cryptocurrency’s market cap has surpassed $1 billion. This price level was last seen in December, and it is expected to reach $0.000258 in the coming weeks.