$LUNC burning volume reaches $2 million thanks to Binance, but it might not be enough
was the only decision that could have helped the problematic token to remain afloat on the market, considering its lack of usage, absence of use cases and poor reputation. However, it seems like the experiment has failed.
The LUNC burning mechanism should have become the ticket to the future for a project that craved the attention of investors after what happened with its predecessor in May. However, the first results of the newly implemented feature show that it might not be enough.According to Binance's official announcement, the centralized exchange managed to burn around $1.8 million worth of LUNC tokens on Oct. 2.
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