Binance has burned 5.57 billion Terra Luna Classic (LUNC) tokens in its 17th batch of the LUNC burn mechanism, bringing the total number of tokens burned to over 49 billion. The burn caused LUNC and USTC prices to rise by over 7%. Binance has burned 49.17 billion Terra Classic tokens from trading fees on LUNC spot and margin trading pairs, contributing to the community burning nearly 92.5 billion LUNC tokens. Traders should be aware of a possible pullback in prices due to potential profit booking in the next few days.
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