Why is Terra Luna Classic Pumping? Breaking Binance-Luna Classic News!
This is breaking news having to do with Tara Luna's classic if you are on YouTube on the internet trying to figure out what the heck's going on with Terra and why it's up 80 Plus percent. I'm about to give you the exact reason it has to do with Binance. We have good news there so we're going to get into that but let's look at the chart before we do that if you look at the seven days everything was trending down and then yeah this happened.
Why what's going on here all right? Here's exactly what happened let me show you this tweet right here:
Okay so this came out about seven hours ago so this is CZ from Binance obviously he was talking now right. He was talking about the plan to Institute a button where people who trade Luna Terra Classic on Binance can voluntarily opt-in that's what he's talking about. Hey, look the Luna Community wasn't really happy with this approach it was going to take a while to develop it's not going to work anyway. Our Traders won't vote for it since then we're discussing a better quicker way than this just came out.
So it was a couple hours ago again instead we have decided to begin burning all trading fees collected on the LUNC/BUSD and LUNC/USDT spot and margin trading pairs on finance fees will be converted to LUNC and then sent to burn address the burn is paid at our expense meaning finances expenses, not the users. This is a big deal because a huge vast majority of the trading volume associated with Terra Luna Classic transpires on the finance Network so this is what we've been wanting as a community as the Terra Luna classic Community this is it this is what we've been wanting so this is the reason that this is happening this guy right here that's the reason.
Okay and look at volume 337 plus percent over almost 2 billion dollars in Daily volume that is absolutely an astronomical volume up 337 plus percent right now with a market cap of 36 percent. We were down to I think about 38 as far as the ranking and have since moved back up seven count them seven spots and I want to show you this. I bet you, right here in 24 hours Terra classic obviously is the number one move up you know obviously project period on the top 100 and it's interesting that the seven hours so it's not reflecting that in the seven days which it should.
But anyway so you get my point there's obviously a glitch there but anyway get so 32 plus percent um craziness actually you know why it's not I apologize it's not doing that because it's got to eat out the um or eat you know the uh the move down so that's what it is so basically is almost completely obliterated that I'm not quite awake yet it's been one of those days already all right um so that's what I got for you as always I appreciate you have a good one.
Terra Classic (LUNC) Burn Policy on Trading Fees will be Adopted by Binance
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