LUNC Surpasses $2.43 Billion Volume in last 24 hours.

In the last 24 hours, Luna Classic volume has steadily surpassed $2.43 billion mark.

It is up 64% in last 24 hours, currently priced at $0.00041.

Luna Classic started pumping after Terra announced 1.2% tax burn for every transaction. Since the announcement, LUNC price has surged 200%.

1.2% tax burn is supposed start on 12th of September.

Here is how tax burn will work – All on-chain Terra Classic transactions will incur a 1.2% fee. This includes wallet and smart contract interactions as well. However, trade on an exchange may not be eligible for the Tax.

The idea behind the Tax is to assist reduce Terra Classic’s overabundance. One of the biggest drawbacks is that on-chain transactions will become more expensive as a result of this measure.

If you are buying $LUNC make sure you understand it’s a gamble, there is nothing happening in the project apart from the burn. Please trade carefully and don’t forget to take profits. Not a financial advice