Terra Luna Classic Sees Another 736M LUNC Burned by Binance

Binance has eliminated over 736 million Terra Luna Classic (LUNC) tokens in its latest burn event, marking one of the lowest burns since the program began.

This move pushes the total LUNC burned by the community past 400 billion, with the circulating supply now standing at 5.5 trillion.

The burn, recorded on February 1, accounts for roughly $87,923 in trading fees collected between December 31 and January 30. So far, Binance has destroyed over 70.85 billion LUNC through its initiative.

In contrast, last month’s burn exceeded 1.7 billion tokens, largely fueled by increased trading activity following Terraform Labs’ bankruptcy proceedings.

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Despite the ongoing reduction in supply, LUNC’s price has dropped by 6%, reflecting broader market turbulence tied to geopolitical and economic tensions.

The Terra Luna Classic community remains committed to its revival efforts, backed by validators, developers, and external supporters. Binance’s continued involvement, along with contributions from the Cosmos ecosystem, is seen as critical to sustaining momentum in LUNC’s recovery strategy.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.