why is binance burning? because they have to. otherwise their reputation would be damaged because they are selling wrongfully minted coins to customers in order to collect liquidit

The Terra Luna Classic (LUNC) community has been working on several proposals to burn tokens, and Binance is leading the efforts. The exchange frequently conducts LUNC token burns at the beginning of each month, which helps reduce the total supply and potentially increase the token's price. In November 2024, several significant burns took place, totaling billions of tokens destroyed, which kept the market optimistic about the future of LUNC.

For December 2024, new fires are expected as part of deflation strategies. Additionally, the community is discussing proposals that could strengthen the network and support the long-term appreciation of the token.🚀