The math behind Binance's $LUNC burn is mind-blowing! 🤯
On May 1st, @Binance burned 923 Million $LUNC , which represents 50% of their monthly trading fees.
The Calculation:
🔹 Total Fees Earned: ~1.84 Billion $LUNC
🔹 Based on 0.1% avg fee, the monthly volume on Binance reached a staggering ~1.84 Trillion $LUNC ! 🌪️
At current prices, that's nearly $185 Million in trading volume for just ONE month on ONE exchange.
This isn't just a burn; it's a massive liquidity engine. When the community-led "revival" hits full speed, imagine the impact! 🚀💎
#LUNC #USTC #Binance
a16zCryptoSaysRWATops$30B
#CLARITYActHearingSetforMay14
On May 1st, @Binance burned 923 Million $LUNC , which represents 50% of their monthly trading fees.
The Calculation:
🔹 Total Fees Earned: ~1.84 Billion $LUNC
🔹 Based on 0.1% avg fee, the monthly volume on Binance reached a staggering ~1.84 Trillion $LUNC ! 🌪️
At current prices, that's nearly $185 Million in trading volume for just ONE month on ONE exchange.
This isn't just a burn; it's a massive liquidity engine. When the community-led "revival" hits full speed, imagine the impact! 🚀💎
#LUNC #USTC #Binance
a16zCryptoSaysRWATops$30B
#CLARITYActHearingSetforMay14