Terra Classic Keeps Dropping; Down 17% in the Past Week

Terra Classic Keeps Dropping; Down 17% in the Past Week

Numerous unfavorable events occurred in the Terra Classic (LUNC) ecosystem last month, the majority of which are to blame for the token’s downward price trend. A prior report showed that the price of Terra Classic (LUNC) decreased by 13.6% in April. Due to recently established plans and proposals, the community was hoping for a recovery […]

New Terra Classic Validator Removes About 14B LUNC from Circulation

Terra Classic Keeps Dropping; Down 17% in the Past Week

After only 24 hours of operation, a new Terra Classic (LUNC) validator has staked up to 13.98 billion LUNC tokens. This was accomplished mainly by LUNC ONE, a Chinese validator, through irregular transactions, including redelegation occurrences. According to data from a Terra Classic analytics tool, the validator, known only as “DFLunc.app,” reportedly received up to […]

LUNC Price Up 1.6% in the Past 7 Days;  What’s Next?

LUNC Price Up 1.6% in the Past 7 Days;  What’s Next?

According to data from Coinmarketcap, Terra Classic (LUNC) has gained 1.6% in the past week. The token’s price fluctuation has recently created doubts in the community over whether LUNC will ever reach $1. However, Terra Classic has been experiencing an increase in price from previous weeks.  Although the increase is minimal, the recent development has […]

Terraport’s Ultimate Goal is to Burn LUNC, Not TERRA

Terra Classic Up by 3.25% as Crypto Market Turns Green

A well-known Terra Classic (LUNC) influencer named Classy Crypto recently defined the ultimate goal of TerraCVita’s newly launched Terraport project, whose native currency is TERRA. The project’s objective, according to Classy, is to support LUNC burning rather than raise TERRA to $1. Wednesday, Classy clarified this in a tweet by pointing out that TERRA seeks […]

Cremation Coin Introduces New NFT Project for LUNC Burns

Cremation Coin Introduces New NFT Project for LUNC Burns

Cremation Coin stated that they have started burning LUNC tokens because they are currently focused on Terra Classic. The recently launched project aims to reduce the abundant supply of cryptocurrencies.  They are therefore launching a cutting-edge NFT initiative that might aid in burning more Terra Classic (LUNC) tokens.  The creative project might use half of […]

Terra Classic Projects Burn Nearly 33M LUNC This Week

South Korean Prosecutors Seize Properties from Terra Workers

Despite declining social interactions, the Terra Classic (LUNC) community has continued the ongoing burn initiative, as numerous projects and validators have burned approximately 33 million LUNC so far this week. There have been 32,929,066 burns thus far this week, with four entities responsible for 99.6%.  Projects like Cremation Coin, Terra Casino, and the validators LUNC […]

3rd Largest Burn for Terra Classic as a Project Burns 51M+ LUNC 

TerraCVita Considers Developing Infrastructure Testnet for Terra Classic Network

The cremation coin burns 51 million Terra Classic coins at once, making it the third-greatest burn of the year.  The overall cumulative burn for the project has risen to 93.6 million LUNC coins. Cremation Coin completed its highest single burn since joining the Terra Classic burn campaign in December, burning almost 51 million Terra Classic […]

Binance Announces Support for Terra Classic (LUNC) Network Upgrade 

Binance Announces Trading Pair for TerraClassicUSD (USTC)/USDT

Binance announced it would support the Terra Classic (LUNC) network update on February 28 at 2:00. (UTC).  Features are added to the upgrade to address Binance’s worries regarding token burning.  The update includes v.1.1.0 and network changes intended to ease Binance’s concerns about token burning. At block height 11,734,000 of Terra Classic, the renovation took […]

Weekly Burms for Terra LUNC Now Reaches 6M+

TerraCVita Considers Developing Infrastructure Testnet for Terra Classic Network

In its most recent round of weekly burning, the recently launched project Cremation Coin burned 4.4 million Terra LUNC.  The most recent Cremation Coin burn was the most incredible LUNC burn transaction in the last three weeks. The overall amount of LUNC burned for the week increased significantly due to this transaction, reaching an astonishing […]

All Key Proposal Now Passed; Binance to Resume Terra Classic Burns

TerraCVita Considers Receiving Funding for Support From Binance

As the Terra Classic community votes to approve two crucial signal suggestions resolving the exchange’s concerns, Binance will probably continue its initially-promised contribution to the Terra Classic (LUNC) burn initiative.  About Binance, all suggestions have passed the pass criteria. Last Tuesday, just after Binance changed their burn contribution due to the approval of Proposal 10983, […]