Friday, December 9

Cryptocurrency

Terra Classic Community Burns Over 5.6 Million LUNC, 5.4M In A Single Transaction
Cryptocurrency

Terra Classic Community Burns Over 5.6 Million LUNC, 5.4M In A Single Transaction

The recent development stated that whopping 5,619,272 LUNC tokens were burnt on Sunday as a part of the Terra Classic community effort to get the Terra classic (LUNC) reduced from its former circulation supply to a minimum supply of 10 billion. Since the community has pledged its allegiance to stand by the Terra Classic token, getting the token reduced has been the loudest sound in the community and of course in the crypto industry. Read Also: Virginia-based Luxury Car Now Accept Shiba Inu Via BitPay According to the report on the official website of Terra which monitors the daily burning activity, it revealed Sunday’s first transaction which occurred at exactly  3:04 (UTC) claimed a total of 80,000 LUNC tokens. Although, the detail of the transaction was not fully known. Terr...
Terra Classic (LUNC) Ranks First Among Among Over 4,000 Assets In Terms Of Social Activity: Lunar Crush’s AltRank
Cryptocurrency

Terra Classic (LUNC) Ranks First Among Among Over 4,000 Assets In Terms Of Social Activity: Lunar Crush’s AltRank

According to the recent analysis done by the Lunar Crush’s AltRank, the Terra Classic (LUNC) is currently holding the top spot amongst 4,022 assets evaluated in the week leading to December 2. It is worth noting that massive interest in Terra Classic has resulted in its social activity spike and it could also be traced to the reports of Binance’s burn for November. This increased social activity has skyrocketed the asset’s position in Lunar Crush’s AltRank, securing the top spot amongst 4,022 assets evaluated in the week leading to December 2. Read Also: Terra Classic Reveals Its Intention Of Getting Osmosis Involve In LUNC Burns. How Helpful Would This Be? Lunar Crush's AltRank Places LUNC In First Position In Terms Of Social Activity Notably, the analysis was disclosed by Lu...
Terra Classic Burns Over 40M LUNC,  25.8M In A Single Transaction
Cryptocurrency

Terra Classic Burns Over 40M LUNC, 25.8M In A Single Transaction

The rate of burning of LUNC has been encouraging over time, the recently revealed that Terra Classic witnessed a massive burn in 14 burns transactions which claimed 40,440,467 LUNC tokens, with a single wallet incinerating up to 25,827,385 tokens in one burn transaction in the past 24 hours. Terra Classic Burns Over 40.4M LUNC The 14 transactions were also indexed by the  LUNC Penguins – an unofficial Terra-focused surveillance and data-tracking system developed by Happy Catty Crypto. The transactions, which amounted to 40.4M+ LUNC, were all carried out on Monday, with three massive single burns standing out. Read Also: Terra Classic Experiences A Burn Of 9.3M LUNC From Two Wallets the report also revealed that one of the transactions happened on 28th November 28, 2022, which ...
Terra Classic Experiences A Burn Of 9.3M LUNC From Two Wallets
Cryptocurrency

Terra Classic Experiences A Burn Of 9.3M LUNC From Two Wallets

In a recent tweet shared by the LUNC Station, it revealed that a total of 9.3M LUNC tokens were burned by two LUNC wallets, with independent validator LUNCDAO accounting for 4.9M burnt tokens as part of its periodic incineration exercise aimed at supporting the initiative for the revival of the once-neglected token. Additionally, the validator Luna Station 88 burnt 4.3M. Two LUNC Wallets Burns A Total Of 9.3M LUNC The late indexed transaction occurred barely 16 hours apart from the 27th and 28th of November with the first burn claiming a total of 4,454,817 LUNC tokens on November 27, 9:49 (UTC). Despite being without a memo, the transaction can be traced to the Terra validator Luna Station 88, as disclosed in a recent tweet. Read Also: Shiba Inu Community Burns 223.26M In A Week,...
TerraCasino Burns Over One Million LUNC At its First Burn
Cryptocurrency

TerraCasino Burns Over One Million LUNC At its First Burn

In a recent development shared via the official handle of the TerraCasino, said that it has just burnt a total of one million LUNC as a token of its contribution towards the 0.2% burn rate previously promised to the community. TerraCasino Burns Its First 1M LUNC Notably, the betting platform recently updated its commitment to the burning proposal designed by the developers behind the Terra Classic network. At the moment, Casino has incinerated a total of the first 1 million LUNC tokens burnt. The 1M burn attainment was reached after four days of continual incineration. The platform also touted an interesting upcoming event for the community. Read Also: XRP Is The Only Asset Among The Top 15 Cryptocurrencies That Turns Green With A Gain Of 8.59% Over The Past 24 Hours. What Do We ...
Terra Classic (LUNC) Becomes The Winner Of Binance Community Showdown Contest With 36k Mentions, Bypassing Bitcoin
Cryptocurrency

Terra Classic (LUNC) Becomes The Winner Of Binance Community Showdown Contest With 36k Mentions, Bypassing Bitcoin

The effort of the Terra Classic community has been so much remarkable as they throw a persistent weight behind the token, Binance recently announced the LUNC as the winner of its Community Showdown contest.  It is noteworthy that Binance, the world's largest crypto exchange launched the Showdown contest to determine the cryptocurrency project with the most support on Twitter. The leading cryptocurrency exchange urged various cryptocurrency communities to participate in the contest by posting, commenting or retweeting the Binance hashtag alongside their favourite crypto ticker. Read Also: Raoul Pal, A Former Goldman Sachs Executive, Is Bullish On XRP, Saying It Will Experiences A Massive Bull Run After The Lawsuit The contest was allowed to run for a few weeks after Binance rel...
Anonymous Wallet Burns Over 35 Million LUNC, 127.5M Were Burnt Via 0.2% Tax Burn In 24 Hours,
Cryptocurrency

Anonymous Wallet Burns Over 35 Million LUNC, 127.5M Were Burnt Via 0.2% Tax Burn In 24 Hours,

A recent tweet shared by LunaBurnTracker noted that a total of 35,789,630 (appr. 35.79M) LUNC were burned yesterday by an anonymous wallet. The detail of the reaction was also shared by the same Twitter handle as the burn was conducted. https://twitter.com/LunaBurnTracker/status/1594859468059287553 Anonymous Wallet Burns LUNC A massive one million LUNC has incinerated from LUNC's official burn wallet about 20 hours ago as revealed by LUNCBurnTrackers. Read Also: Terra Classic Core Developer, Edward Kim, Publishes A Proposal To Re-open IBC Channel Before The Next Network Upgrade https://twitter.com/LunaBurnTracker/status/1594652074972774402 Not long after this, another burn was initiated, sending a whopping 6,584,563 (6.58M) Terra Classic tokens ($1,024) to the...
Terra Rebel Sounds A Note Of Warning To The Terra Classic Investors Of fraudulent Token: Check It out
Cryptocurrency

Terra Rebel Sounds A Note Of Warning To The Terra Classic Investors Of fraudulent Token: Check It out

The recent tweet shared by Terra Rebel, sounding a note of warning to its community of a token, named Interchain DAO Coin (IDC), hijacked its logo to mislead investors into believing that the Terra Rebels are behind the cryptocurrency. Terra rebel, a decentralized group focused on reviving the Terra Classic ecosystem, further revealed that the token is currently circulating in the Cosmos network and other markets. Terra Rebels used the tweet to deny affiliation with the fake coin team that launched the crypto. Read Also: Two Whales Buy A Whopping 531.65B SHIB Worth $4.83 Billion In Two Transactions https://twitter.com/TerraRebels/status/1593589843526811648 Terra Rebel Warns Investors IDC Token “PSA to LUNC Community A Dao coin 'IDC' is floating around the markets and cosm...
Terra Classic Removes Almost 1 Billion LUNC, Making The Total Circulating Falls Below 6 trillion
Cryptocurrency

Terra Classic Removes Almost 1 Billion LUNC, Making The Total Circulating Falls Below 6 trillion

According to a recent tweet, the current circulating supply of the Terra Classic is below 6 trillion as almost 1 billion LUNC was incinerated over the past six days. Recall that the circulating supply of LUNC was released to be 6.012 trillion by CoinMarketCap some days making the total burn via the proposal calm at 27.1 billion tokens. Read Also: SHIB Metaverse Launches New Tech Trench To Aid Users Into The World Of Tech marvel, Education, And Evolutionary Spectrums Total LUNC Supply Now Sits Below 6 Trillion As Terra Classic Burns Close To 1 Billion It is worth noting that the recent 6 days' LUNC burn of nearly 1 billion brings the total LUNC burn to 28.01 billion. https://twitter.com/LunaBurn_13/status/1593414844094480385 According to the tweet shared by the LUNC Bu...
Casino Which Will Enhance LUNC Burn To Arrive Terra Classic Network Soon
Cryptocurrency

Casino Which Will Enhance LUNC Burn To Arrive Terra Classic Network Soon

Terra classic community hasn’t given up on the effort of reducing its token to the target amount, 10 billion LUNC as they are looking forward to the arrival of a new Casino on the Terra classic network that will aid the LUNC burning. According to a tweet shared by Rexyz saying “9/4 favourite that a new casino will soon be in town supporting Terra Classic and burning LUNC,” Harrison wrote. “LUNC might even score for the FIFA World Cup.” Read Also: Mintable, An NFT Marketplace Built On Ethereum, Now Supports XRP Ledger https://twitter.com/RexYellerBelly/status/1593026864511356929 Casino To Burn As Much As Six Month Terra Classic's Burn In addition to the update released, the independent Terra Classic development group, TerraCVita ascertained the speculation by Rexyz which ...