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Home/News Feed/LUNC burn rate triples to 1.5%, sparking community optimism and potential price movement.
LUNC
Rp1
Rp0 +2.58%

LUNC burn rate triples to 1.5%, sparking community optimism and potential price movement.

Protocol Fundamentals
03 Aug 2026
Dailycoin
View Source
Bullish
LUNC burn rate triples to 1.5%, sparking community optimism and potential price movement.

Terra Luna Classic (LUNC) community approved a proposal to increase the on-chain burn tax from 0.5% to 1.5%, effective August 2, 2026. This 300% increase means more LUNC tokens will be burned during transactions between wallets, with 1.2% burned, 0.15% going to the Community Pool, and 0.15% to the Oracle Pool. The move has strong community support with 96.2% approval and aims to revive the token's value. Price action shows LUNC forming a local double bottom, suggesting potential for a bullish breakout, though overall trading volume remains low amid broader market uncertainty.

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Binance burns 334M LUNC tokens; Guarda wallet adds LUNC support, boosting adoption and price.

Binance burns 334M LUNC tokens; Guarda wallet adds LUNC support, boosting adoption and price.

Binance has burned 334 million Terra Luna Classic (LUNC) tokens, pushing total burns close to 90 billion, as part of ongoing deflation efforts to reduce supply. Despite these burns, LUNC's trading volume remains low after recent network upgrades. How...

Protocol Fundamentals
Bullish
2 days ago
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