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According to LunaMetrics data, 320,164,105 tokens have been burned in the last seven days, significantly impacting the overall supply of LUNC. This increased burning activity could improve the token's price dynamics as the supply contracts. The burning initiative is crucial for adding value to the altcoin's Terra Classic ecosystem strategy.
In the last 24 hours, the LUNC price showed a slight upward movement and is currently trading at $0.00009363, recording a 2.01% increase. The price experienced fluctuations, reaching a low of $0.00009035 and a high of $0.00009714.
Despite these gains, most cryptocurrency market prices appear to be facing a correction. While BTC remains above the $67,000 level, ETH, SOL, and XRP exhibiting downward trends have raised concerns among market participants. As the market digests these movements, the overall crypto sentiment continues to remain cautious.