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LUNC burns 630 million tokens in three days, shrinking circulation and boosting market cap ranking
$LUNC Increased 170% over the past month, 44% over seven days, an 11% rise in 24 hours, with market cap ranking entering the top 80. Behind these numbers is a direct action: nearly 630 million tokens were burned within three days, visibly tightening the circulating supply.
Burning does not happen automatically. On-chain records show that this batch of tokens was concentratedly burned during a specific window, effectively removing some liquidity from the market. After supply contraction, the same buy pressure has a magnified effect on the price—this is the mechanism behind the rapid rise in market cap ranking.
The community is also pushing forward with another matter: a vote on the v4.0.1 upgrade. This version proposal is currently attracting more attention than usual, but the voting results and specific rollout date have not yet been determined. If approved, the interaction rules for node operators and token holders will change; if not, short-term expectations may decline.
#Gate广场五月交易分享