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Why Binance LUNC Burn Fails to Rebound Terra Classic Price This Time?

source-logo  coingape.com 02 September 2024 20:00, UTC

Crypto exchange Binance’s LUNC burn in total reached nearly $65 billion as the exchange burned another 1.19 billion Terra Classic tokens. Terra Classic price in spot and derivatives markets has failed to bounce this time amid a broader crypto market selloff and debates on chain rule violations by some validators.

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