Why did LUNC surge, is there still a chance for LUNA?
The core fuel of LUNC is the frenzied acceleration of token burns. LUNC has burned over 850 million tokens this week, totaling nearly 1 billion this month, with circulating supply continuing to shrink. On-chain taxes from exchanges like Binance and proactive donations have caused the burn rate to skyrocket by 1200%. An even more significant catalyst is the upcoming upgrade to Terra Classic v3.5.0 on December 8th, which will restart market modules and restore USTC-LUNC stablecoin trading pairs. Binance has officially announced full support, and the sentencing hearing for Do Kwon in the U.S. on December 11th is also a hot topic for speculation. The combination of burning, upgrading, and events has led to a frenzy of growth. From a technical perspective, I personally believe there is still room for LUNA to rise, though some market manipulation is inevitable, so it’s worth paying attention to.
The core fuel of LUNC is the frenzied acceleration of token burns. LUNC has burned over 850 million tokens this week, totaling nearly 1 billion this month, with circulating supply continuing to shrink. On-chain taxes from exchanges like Binance and proactive donations have caused the burn rate to skyrocket by 1200%. An even more significant catalyst is the upcoming upgrade to Terra Classic v3.5.0 on December 8th, which will restart market modules and restore USTC-LUNC stablecoin trading pairs. Binance has officially announced full support, and the sentencing hearing for Do Kwon in the U.S. on December 11th is also a hot topic for speculation. The combination of burning, upgrading, and events has led to a frenzy of growth. From a technical perspective, I personally believe there is still room for LUNA to rise, though some market manipulation is inevitable, so it’s worth paying attention to.
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LUNA2USDT
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+20.78%