Binance recently destroyed 1.4 billion Terra Luna Classic (LUNC) tokens, marking its 21st burn event for LUNC. With this burn, Binance has now destroyed over 57 billion LUNC tokens in total.
The entire Terra Luna Classic community has burned over 112 billion tokens. Binance has been supporting the Terra Luna Classic community since 2022 through monthly burns.
In the latest burn, Binance sent 4.17 billion LUNC tokens to the burn address, accounting for 52% of the total burned tokens. This burn included trading fees collected between March 31 and April 29.
In total, Binance has now burned almost 57.66 billion LUNC tokens from trading fees. This burn has led to a positive response from traders, resulting in a price recovery for the Terra Luna Classic ecosystem. As of now, the price of LUNC is trading at $0.00009531, with increased trading volume over the past 24 hours.
