There has been growing bullish sentiment around Terra Classic’s LUNC token lately, with some prominent voices arguing that LUNC may not be as “dead” as some have suggested.
Dr. Muhammad Zaheer Awan, a YouTube personality who goes by @zaheerawan, noted that crypto exchange Binance continues to burn LUNC supply and supports innovation on the L1 blockchain to “delete zeros.”
Similarly, Twitter user Mr. Diamondhandz1 (@MrDiamondhandz1) pointed out that LUNC saw a massive 700% surge in 24-hour trading volume, hitting $135 million. The token has outperformed every other top 100 crypto in terms of 24-hour percentage change.
Mr. Diamondhandz1 believes this shows LUNC has life still, given Binance’s continued burns to reduce supply. He suggests investors should pay attention before “getting left behind.”
The bullish observations from Dr. Awan and Mr. Diamondhandz1 indicate there may be growing community support behind reviving LUNC after its dramatic crash last year. With key players like Binance lending support, perhaps LUNC can mount a phoenix-like comeback in 2023 against the odds.
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