Total LUNC burn has now surpassed 105 billion amid massive support from the crypto exchanges and projects. Binance has burned over 53.48 billion LUNC tokens, accounting for over 50% of the total burn.
New projects and exchanges such as Singapore-based WEEX are joining the burn campaign to reduce the circulating supply. While the burn narrative has picked up, the burn rate has dropped amid the rise in prices.
Meanwhile, LUNC wallet holders are also increasing currently, indicating a rise in demand amid the bull market. Moreover, community developers and projects are also working to bring back utility to the Terra Luna Classic chain. The account holders have now surpassed 5.51 million, as per Cosmos blockchain explorer ATOMScan.