If $LUNC drops in price, it's because of $BTC . Many of these tokens, especially in #Binance , are "indirectly pegged to Bitcoin".
If Bitcoin takes a hit, then $LUNC also drops, because #bitcoin is the largest cryptocurrency by market cap. When its price moves sharply, it drags down the rest of the ecosystem (altcoins) due to its massive weight and influence. You get it?
This is how 99% of LUNC gets burned; the price drops if Bitcoin drops.
Today #Binance has burned more than 2.2 billion of $LUNC , compared to May 1 when the burned amount was 923 million. This means that more than double the Tokens $LUNC were burned compared to last month.
Thanks to #Binance for their support and commitment to reducing $LUNC , now it's up to us to do our part, buy more #LUNC .
$LUNC is starting to pump because tomorrow, June 1st, is the big monthly burn conducted by #Binance .
On May 1st, Binance burned over 923 million tokens of $LUNC , and we expect tomorrow's figures to be even higher. Make sure to scoop some up at a low price before it moons tomorrow.
In the last 24 hours: 📥 12.1 billion of $LUNC deposited 📤 7 billion of $LUNC withdrawn.
This represents a massive net inflow into the #Binance largest crypto exchange platform in the world.
It's clear that #terraClassicLunc is back in the spotlight, $LUNC is no longer flying under the radar. Trading volume is spiking, discussions have resumed, and the ecosystem keeps expanding while the market watches closely.
I'm gonna scoop up some $ESPORTS , taking advantage of the dip while others are crying. Sharks like us seize the opportunity to invest, even if it's just $10 bucks.
No more $LUNC will be minted, which means each $LUNC will be unique and scarce due to daily burns. Obviously, scarcity drives up value, and with market growth and capitalization, $LUNC could easily surpass $1.
Five days ago I told you to scoop up $EDEN , today it shot up +70%. Now I'm saying grab $LUNC because it's about to moon anytime soon, with a forecast of +200%.
Riqui Ricon
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Buying $EDEN taking advantage of the price dip, it rarely goes down.
I can't stand seeing so many crybabies over the price of $LUNC .
Nobody told you to buy during the FOMO; everyone knows you should stack when the price dips.
If you're not happy, just sell your $LUNC and accept your losses, and stop whining. Those of us here are investing for the long haul, not to get rich overnight. That's not how this game works.