Binance Decide To Burn Luna Classic Sending Token 70% Higher

Belonging to the infamous Terra blockchain, Luna Classic (LUNC) saw significant gains last week as traders awaited data from Binance’s burn scheme that aimed to revive the coin. Despite the initial influx of investments, data from the burn was released Monday and proved disappointing to investors. All this comes as a manhunt begins for co-founder and CEO Do Kwon by agencies worldwide.

  • LUNC was up 70% last week and over 44% in September in anticipation of burn.
  • Data released from the burn proved disappointing causing the price to fall back.
  • Interpol issued a “Red Notice” for the arrest of co-founder and CEO, Do Kwon.

Luna Classic (LUNC) rose over 70% last week and over 44% in September as other coins saw minimal gains. This came as traders awaited data from the world's largest crypto exchange Binance concerning their burn scheme, which aimed to remove circulating LUNC from the supply. These influx of investments and trading activity were enough for …

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