Terra Classic (LUNC) has been in the news over the past weeks, but the attention it accrued in the past week due to the implementation of LUNC tax burn is beginning to push its popularity across the world, especially after Binance started burning LUNC tokens from spot and margin trading.
Terra Classic ecosystem, which got imploded in May, is finally getting a hope of revival through incessant LUNC burn and this is being discussed across all social platforms, including popular Business News TV Stations.
Read Also: Number of Terra Classic (LUNC) Tokens Burned By Binance in a Single Transaction Announced
Terra Classic (LUNC) Burn Featured On BFM Business
As shared by a supposed Terra Classic community member, identified on Twitter as Mansa Crypto, LUNC was featured on the first French Business News TV Station, BFM Business. Also, BFM is regarded as the most watched business news TV channel in France.
Mansa Crypto tweeted, “French Tv keep talking about LUNC it probably NOTHiNG.”
French Tv keep talking about LUNC it probably NOTHiNG.@VegasMorph @edk208 @HappyCatKripto pic.twitter.com/15Xfi3Dtg6
— Mansa Crypto (@Jose1William) October 4, 2022
BFM Business discussed the Luna Classic LUNC under a title written in French, “TERRA CLASSIC LUNC: RETOUR EN FORCE,” which is translated as “TERRA CLASSIC LUNC: GREAT COMEBACK.”
In the news, the reporter spoke about the decision of Binance, the largest crypto exchange by trading volume, to implement the trending 1.2% tax burn on all its LUNC transactions, including spot and margin trading pairs.
The analyst pointed out that the price of LUNC surged over 70% a few days after Binance made the implementation public in a bid to satisfy the desire of the determined Terra Classic community.
Read Also: Here’s How Much Terra Classic (LUNC) Binance Could Burn in a Year
Meanwhile, Binance has officially announced that $1.8 million worth of LUNC tokens were sent to Luna Burn Wallet.
According to the exchange, the community will continue to get updated for all future LUNC tokens sent to the inferno wallet.
Binance announced, “Binance completes the first LUNC burn, burning all trading fees collected from LUNC spot and margin trading pairs.”
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