Original U.Today article
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Luna Classic's price performance was a pleasant surprise for its holders as the token was able to withstand the enormous selling and shorting pressure that was coming from traders and to break through every resistance level ahead, but not for long.
According to the daily chart of the asset, LUNC reversed massively and lost around 10% from its value in a matter of 24 hours as traders saw no fundamental support behind the rally. The main fuel for it was Binance's agreement to implement a 1.2% transaction fee. All funds from the transaction will be sent to the burn address.
The initiative to burn LUNC was...
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