Terra Luna Classic Soars 400% After Activation of Token Burning Mechanism
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The price of LUNC, the native crypto of the Terra Luna Classic project, has soared by 431% over the past two weeks following the activation of the v22 update on the network.

The update has brought back delegation and participation functions to the blockchain, and has also launched a mechanism to burn part of the transaction fees.

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The asset is currently trading near $0.0005013. Most of the daily trading volume is concentrated on the Binance , BtcTurk and KuCoin exchanges.

After KuCoin announced it would suspend accepting margin orders to buy LUNC, the trading volume on Binance increased significantly.

After the collapse of the Terra ecosystem, Terraform Labs developers released a patch focused on blockchain security. The update disabled inter-chain bridging, delegation and staking, the ability to launch new validators and the exchange mechanism for LUNA and UST.

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