2024

Terra Classic

Terra

Coin

<ul class="news-points">
 <li>Collin Brown has spotted significant bullish developments in the LUNC ecosystem.</li>
 <li>LUNC community members have staked over one trillion LUNC tokens.</li>
 <li>Binance burned 1.7 billion LUNC tokens on July 1.</li>
</ul>
Acclaimed blockchain researcher Collin Brown has spotted significant bullish developments in the Terra Luna Classic ecosystem. In a recent post highlighting Terra Classic Foundation’s recent announcement on X, Brown identified trends that suggest improved LUNC adoption that could signal a potentially bullish sentiment for the altcoin.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Terra Luna Classic Staking Ratio Hits 15% With 1T LUNC Staked! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Over 1 trillion Terra Luna Classic (LUNC) tokens staked. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Staking ratio surges to 15.01%. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Recent LUNC burns by Binance add to optimism. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> $70.15 million worth of LUNC staked. Staking reduces… <a href="https://t.co/btFKb1FWi5" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/btFKb1FWi5</a>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1809580024636248077?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 6, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
According to Brown, onchain data reveals that Terra Classic community members have staked over one trillion LUNC tokens, amounting to $70.15 million. He noted the figure reflects a surge in the crypto token’s staking ratio, pushing it to 15.01%. The blockchain researcher further highlighted that the incr…
The post <a href="https://coinedition.com/bullish-signal-on-lunc-researcher-spots-potential-triggers/" rel="noopener noreferrer nofollow">Bullish Signal On LUNC: Researcher Spots Potential Triggers</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bullish Signal On LUNC: Researcher Spots Potential Triggers

Coin Edition

Other articles published on Jul 7, 2024

Investors Ditch Dogecoin and Sei for MoonBag, the Top Crypto Presale Offering 88% APY

Massive Market Shake Up - When Altcoins Will Recover and What Token Will Lead The Race?

Qubetics Whitelist Gains Stature Amid AAVE Price Correction and Cronos Uncertainties

Bitcoin is Being Outpaced by the Altcoins Which are Exploding!

Kaspa Investors Shift Focus from AVAX to BlockDAG’s X100 Miner for 30,000x ROI

Core Rebounds From Demand Zone: Will It Recover Or Fail Again?

Join our free newsletter for daily crypto updates!