LUNC News Live Updates (November 7): Terra Classic validator burns over 26 million LUNC tokens in the weekly burn mechanism. Crypto exchange BINANCE switches from a weekly LUNC burn mechanism to a monthly basis after completing the fifth batch burn of trading fees on LUNC spot and margin trading pairs.
Binance Switches To Monthly LUNC Burn Mechanism
Crypto exchange Binance switches from weekly burn mechanism to a monthly LUNC burn mechanism. Binance has so far burned 13.712 billion LUNC tokens from trading fees on LUNC spot and margin trading pairs. The next burn is on December 1.
Terra Classic ($LUNC) Price Falls Over 5%
Terra Classic (LUNC) price currently trades at $0.000232, down over 5% in the last 24 hours. The LUNC price recovered over 24% on Saturday.
Terra Classic Validator Allnodes Burns 26 Million LUNC
Terra Classic validator burns 26,150,562 LUNC tokens in the weekly burn mechanism. Last week, Allnodes burned 28.82 million LUNC tokens.
26,150,562 were burnt earlier today by #Allnodes. Delegate to Allnodes and participate in our weekly ritual until the end of 2022! Auto-compound your rewards with @keplrwallet through the Allnodes portfolio page while we are burning??https://t.co/hHEWNKH4czpic.twitter.com/5g2xPuWiCH
— Allnodes (@Allnodes) November 7, 2022
