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