Here's Why Terra Luna Classic (LUNC) Is Soaring Today

Chris MacDonald, The Motley Fool

September 26, 2022 at 12:32 p.m.·2 min read

Here's Why Terra Luna Classic (LUNC) Is Soaring Today

Terra Classic (CRYPTO: LUNC), a blockchain project born out of the previous high-flying Terra ecosystem that supported an algorithmic stablecoin, is a shadow of its former self. This about-face comes as prominent crypto exchange Binance announced it would support the Terra Classic community in burning all trading fees. Previous rallies have been tied to an announcement from the Terra team that a 1.2% burn tax would be placed on all transactions.

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