$LUNC isn't doing much today, but the supply story is worth watching.
LUNC is sitting around $0.0000542, basically moving sideways after the stronger move we saw over the weekend.
The part I find more interesting is the burn data.
Terra Classic burned roughly 39.8B LUNC over the past year, while total supply is still around 6.45T.
So yes, the supply is going down.
But it's happening slowly.
The 1.5% burn tax introduced in August was supposed to accelerate that process, and we now have enough data to see the effect. The reduction is measurable, but nowhere near fast enough to dramatically change supply on its own.
BTC is around $85K, so LUNC is getting a decent market backdrop.
For LUNC, I'd pay more attention to actual burn numbers and sustained demand than another short-lived price spike.
Not financial advice. Do your own research and manage your risk. $LUNC
LUNC is sitting around $0.0000542, basically moving sideways after the stronger move we saw over the weekend.
The part I find more interesting is the burn data.
Terra Classic burned roughly 39.8B LUNC over the past year, while total supply is still around 6.45T.
So yes, the supply is going down.
But it's happening slowly.
The 1.5% burn tax introduced in August was supposed to accelerate that process, and we now have enough data to see the effect. The reduction is measurable, but nowhere near fast enough to dramatically change supply on its own.
BTC is around $85K, so LUNC is getting a decent market backdrop.
For LUNC, I'd pay more attention to actual burn numbers and sustained demand than another short-lived price spike.
Not financial advice. Do your own research and manage your risk. $LUNC