💥Binance LUNC burn rises to over 59 billion after latest Terra Classic tokens burn
Binance's total LUNC burn rises to over 59 billion after the last Terra Luna Classic tokens are burned. Will LUNC and USTC prices recover as a result of buying the dip?
🔺 Binance burned additional Terra Luna Classic (LUNC) tokens this week.
🔺 The latest LUNC burn is not part of Binance's monthly LUNC burning mechanism.
🔺 The total LUNC burned by the crypto exchange to date has exceeded 59.07 billion.
Cryptocurrency exchange Binance burned another packet of Terra Luna Classic (LUNC) tokens this week, according to a transaction revealed by LUNC Burn Tracker. With the latest Binance burn, the total LUNC burned by the crypto exchange reached over 59 billion.
🔸 Binance burns additional LUNC tokens
Cryptocurrency exchange Binance burns additional Terra Luna Classic (LUNC) tokens each month, which are not part of Binance's monthly LUNC burning mechanism. Binance sent additional LUNC tokens to the burned wallet, according to a May 23 transaction.
Binance burned 1.4 billion Terra Classic tokens in batch number 21 of the LUNC burning mechanism in early May. After the latest Binance burn, the total LUNC burned by the crypto exchange to date has exceeded 59.07 billion, representing 51.9% of the total LUNC burned by the community.
The total LUNC tokens burned by the Terra Luna Classic community has reached over 113.71 billion. Binance has continued to support the community for the revival of Terra Luna Classic since 2022 through its monthly LUNC burning mechanism.
🔸 LUNC and USTC price performance amid market-wide sell-off