3.2B LUNC Burns Serve Quick Boost, But Why The Price Stall?

A massive monthly burn of 3.2 billion LUNC tokens has piqued the interest of Luna Classic’s community, which carries on supporting the downtrodden network. Naturally, the monthly burn rate is particularly significant in reducing the over-minted LUNC supply, which can eventually lay the groundwork for re-adoption if a fresh utility case is found along the way. Big LUNC Supply Elimination Is Overshadowed By.. Precisely, there’s 5,551,675,494,775 LUNC tokens still in circulation at the time of publication, originally starting from 6.48 trillion. Besides, more than 15% of the altcoin’s supply is locked away in staking activities, which adds a sense

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