$LUNA $LUNC Every crypto cycle goes through a four-year low, and new coins especially suffer a four-year downtrend phase. We are currently at the beginning of the four-year period for Luna, LUNC, and USTC—a four-year low. If nothing happens this year, the low will continue for the next few years.
No, Binance isn't burning anything at all; you, the customers, are burning the coins that Binance bought from Terra after the crash. Without customers, there's no burning.
Yun Orkwis sQWX04
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$LUNC Binance Just Lit the Supply on Fire Binance has burned 5.31 BILLION $LUNC marking the largest burn ever for Terra Classic....... {spot}(LUNCUSDT) {future}(ETHUSDT)
$LUNC The Binance burn prevented the entire community from on-chain burning for four years. The community believes that the Binance burn is so beneficial to them. However, this is not the case. If Binance had made a statement that on-chain burning offers significantly more advantages for the community, they wouldn't be trading so much; instead, they would withdraw their holdings from CEX and trade on-chain. Time and again, the platform's burn is praised so highly, with claims that it's such a huge support. Well, logical thinking isn't exactly a strong suit for most people here.
Too low to see progress in the next 10 years; the volume of fires needs to be significantly higher 🤷🏾♂️ It's simply a gamble.
Crypto News Portal
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Optimistický
Binance burned 5,317,176,320 tokens of LUNC. December saw high $LUNC commission income, and the burns were also high. Binance may have made buybacks in the marked area. The LUNC burn occurred after these buybacks. Binance is active on the LUNC trading platform...