LUNC tops social activities as staking receives momentum of more than 28B Tokens

• The group of LUNAtics is not going to stop working on the Terra project as simply as the bigger crypto world anticipates. 
• The latest activities of the LUNC community feature revived hope in the project. 
• If we talk about the burn tax proposal or the staking initiative, supporters are trying to renew LUNC.

The step seems to be growing, according to the data, holders piled up 28B LUNC in just three hours, acting in accordance with the launch of the staking initiative.

LUNC Burn, a Twitter handle that keeps track of all LUNC burns live, revealed the data on Monday.

“Presently, we are at 528.8b $Lunc staked, a growth of 28b in the past few hours. 7.66 of total supply bounded,” the account highlighted in one of its Tweets. A screenshot went viral to confirm the claimed numbers.

On September 5 at 10:58 PM (UTC), the LUNC group has staked almost 528B LUNC tokens, as per the viral screenshot. This amount portrays an amazing 7.66% of the whole passing LUNC supply of 6.9T tokens. The data emphasize an enormous growth in staked tokens as before ten days; there were just 101B staked LUNC on August 27. 

Adding to that, it portrayed an inclusion of 28B staked tokens in three hours. A Twitter handle spontaneously tracking staked numbers verifies the data. According to the data of the Twitter handle, the number of staked LUNC on September 5 at 6 PM (UTC) stood at 500B tokens. Astonishingly, this figure increased to 528B tokens at 9 PM (UTC).

LUNC is the highest-gaining asset in the last week

The number has increased to 537B at the time of writing, portraying 7.79% of the circulating supply. In spite of the decreased pace, the enormous surge in staked tokens converts to received confidence in LUNC.

Staking LUNC assists with the price action of the asset, as it takes a vital number of the asset from the circulating supply, later restricting its supply. The price action of the asset has also kept guaranteeing, pushing more confidence into the industry.

LUNC fell to a 2-day low of $0.00034 today after it witnessed the $0.00044 high on Tuesday. Despite the asset having newly staged one more recovery as it presently trades at $0.00042 at the time of writing. After a 7-day profit of 162%, LUNC is still the highest-gaining asset in the last week.

Adding to it, the crypto social intelligence platform has rated LUNC as the asset with the best combined social and market activities.

Source: https://www.thecoinrepublic.com/2022/09/08/lunc-tops-social-activities-as-staking-receives-momentum-of-more-than-28b-tokens/