LUNC Trading Volume Falls Double-Digits, Is Binance Burning Hype Over?

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LUNC Trading Volume Falls Double-Digits, Is Binance Burning Hype Over?
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ICYMI: $LUNC trading volume is down 34.43% in the last 24 hours LunaClassic LUNC

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.Luna Classic's trading volume is down 34.43% in the last 24 hours while the price is down 1%.

Turning to the data from Monday, when the leading cryptocurrency exchange and the main conductor of LUNC liquidity, Binance, announced the token burning mechanism, volumes have fallen by 75%.exceeded $2 billion on the day of the announcement, Sept. 26, it currently does not exceed $600 million. At the same time, Binance itself accounts for only $306 billion in LUNC, which is a little more than half of all of the trading volumes of the cryptocurrency.

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