Why is LUNC Pumping – 1.2% Burn Tax Effect?
Join Our Telegram channel to stay up to date on breaking news coverage Over the past month, we have seen the rebirth of crypto for which the public lost all confidence – LUNC. It kept on pumping, leading many to speculate if Luna Classic’s bad days are finally over. Many have said that it is due to the recent staking update – including us. However, now we have one accurate reason behind this. So, why is LUNC Pumping? Let us first Look at LUNC’s recent Price Action Let us first retrace our steps a month ago when LUNC was trading at its standard $0.00010. There was little to no action around its price. In fact, the price dipped marginally to $0.00009 at one point before bouncing. Then there was sideways trading followed by a dip. Then there was some increase. However, on 25th August 2022, the LUNC price went from $0.000101 to $0.00015. It was the first major increase for this crypto after the Terra crash took it all down. Then September arrived, and with...