LUNC heading for rock bottom as it becomes least profitable crypto among top 100 | Crypto

LUNC heading for rock bottom as it becomes least profitable crypto among top 100

-LUNC is currently the most unprofitable asset among the top 100 largest cryptocurrencies by market capitalization.
-The cryptocurrency lost nearly 25% of its value during the week, with the biggest drop occurring in the final days of it.
-The reason for the drop in the recent days was the disclosure of details on the burning of LUNC on the global cryptocurrency exchange Binance.
-While many LUNC enthusiasts had expected an implementation of a token burning tax when a transaction is made with it on Binance, exchange head Changpeng Zhao denied such a decision.
-Instead, CZ introduced a subscription for each user to burn the cryptocurrency and said that a full-fledged solution should only be expected when more than 50% of LUNC trading volumes are done with the subscription.
-In the background, the search for Do Kwon, the founder of the crypto start-up wanted by the South Korean and Singaporean police in the Terra collapse case, continues unabated.

24010 LUNC heading for rock bottom as it becomes least profitable crypto among top 100

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