Terra (LUNC) Hits Major Milestone! Possible Game Change ♾️
Terra Classic (LUNC) is reinforcing its deflationary strategies, experiencing a surge in staking activity and anticipating significant token burns.
Terra Classic's journey has encountered challenges, wiping out gains from December, leading to a 3.01% decrease in the last 24 hours and a 32.65% decline in the past month, settling at $0.00009343.
Despite a drop in market cap to $540,860,914 and trading volume to $26,650,764, staking metrics show promise. The latest update reveals a record 1.021 trillion LUNC tokens staked, constituting 15% of the total supply, signaling a 63.68 billion increase in staked tokens within a month.
The community is rallying to boost staking efforts, aiming for 20% participation and emphasizing the importance of burning tokens. Recent burns, including a mega Binance burn accounting for over 50% of total burns, add credibility to the community's restorative efforts.
While LUNC strives to recover from the collapse of TerraClassicUSD in 2022, the community remains optimistic about regaining lost value, even though reaching the $0.01 level is a gradual process.
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