LUNC Surges Over 160% Amid Do Kwon Sentencing and Increased Token Burns
- LUNC rose more than 74% in the last day, reaching $0.0000072.
- The token has increased over 160% in value over the past week.
- 849 million LUNC were burned in the last week, with Binance contributing significantly.
- A total of approximately 75.89 billion LUNC has been burned by Binance to date.
- Binance paused LUNC withdrawals ahead of the Terra Chain’s v2.18 upgrade on December 8.
The recent surge in LUNC’s price is linked to speculation surrounding the upcoming sentencing of Terraform Labs founder Do Kwon, who faces significant prison time for fraud charges. Additionally, ongoing token burn activities are aimed at reducing supply and reviving interest in the project following its collapse.
As of now, LUNC’s trading activity remains volatile but shows resilience with a weekly gain exceeding 160% amid increased community engagement through token burns and strategic upgrades.(Source)
