Binance's Monster Burn Sends LUNC Price Soaring 24%

Binance kicked off the New Year with the largest Terra Luna Classic (LUNC) burn in two years, showcasing continuous support for the downtrodden altcoin’s community. The 5,295,992,494 burned LUNC tokens came from the relevant trading pairs, giving away exactly 50% of the garnered trading commission fees for the cause. This aligns with the altcoin market regaining dominance against Bitcoin (BTC), enabling most major-cap & mid-cap altcoins to embark on double-digit percentage rebound rallies. In Terra Luna Classic’s case, the altcoin rebounded to $0.0000471 as a new weekly high, but one of the fundamentals is lacking, compared to December’s 200%

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