Binance Burns 1 Billion LUNC Tokens Amid Terra Classic

Optimism

Binance recently burned over 1 billion Terra Luna Classic (LUNC)

tokens in its 27th burn, bringing the total LUNC burned by the

community to nearly 137 billion tokens. Binance’s ongoing burns, totaling 66.66 billion LUNC, are part of a community-driven

push to reduce token supply and potentially boost LUNC’s value.

In the latest burn, covering fees from September 30 to October

30, Binance sent 1.048 billion LUNC to the burn address, with a

$95,073 burn cost. Meanwhile, LUNC prices have fallen by 8%

following this burn, reflecting a broader market dip, while USTC

also dropped by 10%.

As the community watches for potential burns from Terraform

Labs, many are hopeful that consistent burns could support a

future LUNC price recovery. Will these efforts lead to a rally?

Only time will tell.


#LUNC #USTC #TerraLabs #terraClassicLunc #Write2Earn! $LUNC $USTC