LUNC Validator Plans Collaboration to Support LUNC Cryptocurrency
The LUNC validator, Lunanauts, has recently announced plans for a collaboration to strengthen support for the LUNC cryptocurrency. This announcement has garnered attention in the crypto market, especially as the token’s price has experienced a drop.
Pancakeswap Seeks Seed Injection for LUNC-BNB Liquid Pool
Pancakeswap, a crypto exchange, is requesting a $100K seed injection into the liquid pool to create a pool between LUNC and BNB chain. This move aims to mitigate traders’ losses and attract more traders to the exchange. Additionally, LUNC will be whitelisted on the frontend and automatically listed without any token importing requirements.
LUNC Price Witnesses Significant Decrease
The price of LUNC has dropped by 12.54% in the past 24 hours and currently stands at $0.0001448. Despite recent developments and an upcoming partnership with Pancakeswap, the token’s price remains bearish in the broader market.
Terra Classic Community Rejects Burning Proposal
The Terra Classic community has rejected a proposal to burn 800 million TerraClassicUSD (USTC). This decision may have contributed to the downward trajectory of Terra Classic-backed tokens.
Hot Take: LUNC Faces Price Drop Amid Collaboration with Pancakeswap
Despite its efforts to gain support and advancements within the crypto space, LUNC’s price has experienced a significant decrease. The collaboration with Pancakeswap and rejection of the burning proposal seem to have influenced market sentiments towards the token. It remains to be seen how these developments will impact the future of LUNC in the crypto market.
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