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🌖 Binance Burns 60 Billion Terra Luna Classic (LUNC) Post 1.35B LUNC
The world’s largest crypto exchange Binance on Saturday burned 1.35 billion Terra Luna Classic tokens in the 22nd batch of its LUNC burn mechanism, continuing its support to the Terra Classic community.
Binance’s total LUNC burn to date has now surpassed 60 billion, accounting for more than 52% of the total LUNC burned by the Terra Luna Classic community.
Binance Sends 1.35 Billion Terra Luna Classic To Burn Address
Crypto exchange Binance sent 1.35 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the LUNC burn transaction on June 1.
The 22nd batch of the LUNC burn mechanism Binance burned a significant amount of trading fees for the period between April 30 to May 30. Binance has now burned nearly 60.42 billion Terra Luna Classic (LUNC) tokens from trading fees on #LUNC✅ spot and margin trading pairs.
Meanwhile, the net burn by the Terra Luna Classic community has now surpassed 116 billion LUNC.
Last month, Binance burned 1.4 billion #TerraLunaClassic (LUNC) tokens. The #exchange burned 1.40 billion in trading fees on $LUNC spot and margin trading pairs worth $156,362 as trading volumes fell significantly in April. A similar decline in trading volumes was recorded in early May. However, trading volumes reversed higher in the last few weeks of May, with prices mostly traded sideways near $0.00012.
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