- The Terra Classic (LUNC) community’s recent aggressive burning campaign successfully removed over 1 billion tokens in just seven days, signaling a renewed bullish sentiment and a potential 9,860% rally to reach $0.01.
- Despite the challenges posed by the colossal circulating supply of 5.78 trillion tokens, the community remains hopeful, viewing the milestone as a significant step toward achieving their ambitious target.
In a bold move to reclaim its ambitious $1 target, the Terra Classic (LUNC) community has ignited a fiery campaign, burning an astonishing 1,117,048,514 LUNC tokens over seven days from January 17 to 24. The relentless commitment displayed by the community has set the stage for an impressive rally, with some enthusiasts predicting a surge of 9,860% to reach $0.01.
$LUNC is unstoppable with burning and staking! 🔥🚀
— CryptoBull (@Bull_808) January 24, 2024
We burned 1 billion $LUNC in a single week and staked a whopping 7.1 billion $LUNC!#USTC #LuncBurn #LUNC #TERRA#LUNCARMY #LUNCcommunity #terraport #TerraClassic #terraport pic.twitter.com/c9LA5SvZN9
The Burning Frenzy: A Community on Fire
CryptoBull (@AlexCryptoBull), a prominent figure in the crypto space and a fervent supporter of LUNC, shared the exciting news on social media, stating, “$LUNC is unstoppable with burning and staking! We burned 1 billion $LUNC in a single week and staked a whopping 7.1 billion $LUNC!”
This aggressive burning strategy, coupled with a surge in staking, has renewed bullish sentiment around the cryptocurrency and the Terra Classic ecosystem.
Charting the Course: From Burn to Rally
Recent data from Terra Classic’s Stakebin platform aligns with the reported figures, showing a remarkable 14.95% increase in staked LUNC tokens, surpassing 7.197 billion during the same week. Additionally, Stakebin revealed an astonishing 20,258,809 LUNC tokens burned within the past 24 hours alone, further fueling the momentum.
100 Billion Tokens on the Horizon: A Bold Prediction
Crypto News Portal (@TerraNewsEN), shared a chart predicting that the total burn count could exceed 100 billion tokens with the upcoming Binance token burn scheduled for next week. The community sees this as a crucial milestone for LUNC, potentially paving the way for a surge to $0.01.
The Road to $0.01: A Daunting Task Ahead
Despite the recent surge in burning and positive sentiment, reaching the coveted $0.01 mark from the current price of $0.0001004 would require an impressive 9,860% rally. The circulating supply of LUNC remains substantial at 5.78 trillion tokens, emphasizing the challenges ahead.
A Glimmer of Hope Amidst Challenges
The Terra Classic community remains undeterred, viewing the recent milestone in token burning as a significant achievement. The ongoing commitment and upcoming developments offer a glimmer of hope for the future of the beloved cryptocurrency, even as it faces substantial hurdles on its journey to $0.01.
