$650K+ WORTH OF LUNA CLASSIC BURNED, AS TERRA (LUNA) REMAIN STABLE
The Binance exchange burned over 2.5 billion Terra Classic ($LUNC) tokens worth over $650k yesterday. This is the second burn after another burn in the last few days, which also saw a significant chunk of the LUNA Classic (($LUNC) tokens taken out of supply.This on-chain burning of the $LUNC has been one of the moves by LUNC to keep the coin in demand by reducing the supply in the market. However, the Terra community has been exploring other burning options that would complement the performance of the coin in the past few days. The frequent burns mean the supply of $LUNC will be reduced, and the demand for the coin will increase. That’s how LUNA Classic will increase its price growth.
Source
https://t.me/Terra_Luna_Tron
