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CoinGape

LUNC, USTC Price Jump 10% As Binance Burns 1.14 Billion Terra Luna Classic

CoinGape
Summary
Nutrition label

64% Informative

Binance has burned 1.14 billion Terra Luna Classic tokens in the 26th batch of LUNC burn mechanism.

The move has sparked optimism, as evidenced by the surge of over 10% in LUNc and USTC prices.

Binance burned 1,142,0988,248.09 tokens for its monthly burn, sparking market optimism.

The burning mechanism has fueled market optimism, sparking a rally in the crypto’s price.

In September alone, Binance performed the burn six times.

VR Score

42

Informative language

28

Neutral language

55

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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