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I checked the burn trends of LUNC, and the community activity has been quite lively lately. The increasing burn volume suggests that there is a short-term buying pressure environment.
However, looking at the 7-day chart, it has risen over 9%, and the circulating supply has exceeded 5.5 trillion, so how long this burn effect lasts is crucial. Depending on the overall market movement and macro factors, larger fluctuations could also occur.
For the long-term growth of LUNC, it's not just about the burn measures but also involves the broader market trends and supply pressure control. It seems necessary to look beyond short-term volatility and focus on the medium-term supply trends.