Experts at Santiment, a leading cryptocurrency data platform that tracks the activity of the top 2,000 cryptocurrencies, believe that Terra Luna Classic (LUNC) will experience tremendous volatility during the week.

The statement comes after Binance announced the implementation of a mechanism to burn fees LUNC for spot and margin trading. Thus, the world’s largest exchange by trading volume will send all commissions for these transactions to LUNC, which will reduce the number of tokens in circulation.

Following the platform’s announcement, the price of LUNC responded by climbing more than 40% in 24 hours to a one-month high of $0.00031. This upward spurt can be seen in the Santiment chart below.

https://altcoin.ng/lunc-burning-on-binance-will-lead-to-high-volatility-of-the-token/