The staking amount of Terra Classic (LUNC) has reached a remarkable level with over 970 billion tokens locked up in contracts. This figure suggests that investors are actively expecting a long-term potential of the coin and its ecosystem. This increase is drastically higher than the previous all-time high reached in January 2023 of 700 billion tokens. With the staking ratio at 14.15%, the one trillion token-staked point won’t be far away.

The Terra 2.0 blockchain backings the LUNC token was launched in May 2022 and it has been growing consistently with many dApps and services built on it. At this time, its circulating supply is exceeding five trillion units and worth under half a billion dollars. To increase the worth of the token, the LUNC ecosystem has been burning its coins and three major entities have taken a significant role of proceeding this activity. These are Binance, the largest cryptocurrency exchange, almost 1.3 billion units have been burned in the last seven days and the total burn is now til 57.3 billion LUNC. In the same manner, Binance burned over 1.26 billion LUNC tokens in its latest monthly burn, increasing the total cumulative burn to 31.83 billion LUNC.

The investor's enthusiasm for LUNC is likely to continue increasing until further notice as the staking rate is nearly reaching the one trillion token-staked point. Furthermore, the burning of coins will continue to diminish the supply of tokens and help to drive the price up in the long-term. Based on the current situation, one can accurately assume that the future lie securely with LUNC.



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