Terra Classic (LUNC) has seen increased volatility as its price attempts to grow.
The price growth is likely due to Binance burning 1.4 billion LUNC tokens on August 1.
#binance burned 1.4 billion $LUNC 🔥🔥🔥🔥🔥#LUNC #USTC 💪
This event marks the 12th LUNC burning in 2023, with a total of 71.6 billion tokens burned so far.
The coin's price grew on August 2, following the burning, with August 1 being the lowest price in the past week.
Author's summary: LUNC price grows after Binance burns tokens.