There has been a very impressive move in the Terra Classic as the LUNC token displayed a nice activity, breaking through some resistances, reclaiming its four-month-old price record.

The rate at which the LUNC tokens are being burned in the Terra Classic network has been so much encouraging, recently incinerated 16,455,507 (16.4M) tokens in one fell swoop by Cremation Coin,

Terra Classic (LUNC) recorded massive burns in its network as over 5 million tokens were incinerated during earlier today, the analysis revealed that the validators LUNC DAO and Luna Station 88

The LUNC burn rate has been up following the massive burns conducted on Tuesday. The report shared yesterday revealed that the staggering 5,096,362 (over 5M) tokens were incinerated on Tuesday

The recent update revealed that the Terra Classic (LUNC) has regained its $1 billion market capitalization as it capitalized on the recent spike.

According to the tweet shared by the LunaBurnTracker, Terra Classic supporters burnt over 142 million LUNC on new year’s day and consequently Terra Luna Classic (LUNC) burn rate spiked by over 6,900%.

The LUNC burn rate has been encouraging over time as the massive amount of LUNC tokens has been set on fire,

The recent tweet shared by TerraCasion reveals the platform has burned over 23 million Terra Luna Classic (LUNC).

Almost 20.0 million Terra classic (LUNC) tokens have been incinerated over the past 24 hours amid a rally resulting in a 6% price surge and massive increase in burn rate,

Interestingly, the asset is currently having the hands of support from the largest crypto exchange, Binance as it completed its second airdrop round of LUNA tokens.