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.
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.
Interactive Brokers, one of the world’s largest online brokerage platforms, is exploring the possibility of issuing its own stablecoin, signaling a potential expansion into blockchain-driven financial infrastructure as U.S. crypto regulation begins to ease.
Trading volumes for BNB Coin (BNB) have doubled in the past 24 hours to $3.8 billion as the price rises by 7%. This favors a bullish BNB Coin price prediction at a point when the token just made a new all-time high. BNB is the second crypto in the top 5 to make a new […]
The Pudgy Penguins’ PENGU token is under intense scrutiny after large transfers from its team wallet raised potential red flags.
BNB surged to a new all-time high on July 28 around $860, breaking above the critical $846 level following a sharp 7% intraday move.