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All about LUNC’s 394B token burn and how THIS level could be key
In a significant move to support recovery and reduce its massive supply of 5.5 trillion tokens, Terra Luna Classic (LUNC) has burned an astonishing 19.67 million tokens daily, taking the total burned count to an unprecedented 394 billion tokens. This aggressive token burn strategy is crucial for LUNC’s price stability and future growth.
As a result of this substantial effort, LUNC’s price has stabilized near $0.00011 amid declining market activity, cautious trading, and mixed momentum. The token has managed to increase by 1.82% over the past 24 hours, trading at $0.0001123 with a 24-hour volume of $37.21 million.
The token’s price had been under pressure earlier, registering a decline of 12.31% over the past seven days. Its market capitalization is valued at approximately $618.43 million. LUNC has been fluctuating between $0.0001054 and $0.0001135 in the past 24 hours. The broader 7-day range has extended from $0.00009174 to $0.0001344.
As LUNC attempts to stabilize near the $0.0001100 support level, immediate resistance is observed around $0.0001200.
Source: ambcrypto.com
