🌖 Binance burns 1.7 billion Terra Luna Classic (LUNC), what's going to happen?
The world's largest cryptocurrency exchange Binance burned 1.7 billion Terra Luna Classic (LUNC) #tokens in its latest wallet burn transaction on Monday. After the 23rd LUNC burn, Binance has burned nearly 62 billion LUNC to date.
Furthermore, the total number of LUNC tokens burned by the Terra Luna Classic community has reached more than 125 billion. Binance has continued to support the Terra Luna Classic revival community since 2022 through a monthly LUNC recording mechanism.
Binance burned 1.7 billion LUNC
The Terra Luna Classic community witnessed 1.7 billion Terra Luna Classic (LUNC) tokens burned from cryptocurrency exchange Binance, according to burn transactions on July 1. Burn transactions also recorded 8, 5 million LUNC in taxes. The expected implementation of Tax2Gas this month will likely fuel the burn story.
23rd round of LUNC burning, Binance burned a significant amount of transaction fees between May 31 and June 29. Binance has now burned nearly 61.99 billion Terra Luna Classic (LUNC) tokens ) from trading fees on LUNC spot and margin trading pairs.
Due to Binance's most recent burn, the Terra Luna Classic community's net burn has now exceeded 125 billion $LUNC . Binance accounts for over 50% of all LUNC burned since the community took control of the chain. The reason behind the low burn compared to the community is fewer transactions.
In the 22nd #LUNC✅ burn, Binance burned 1.35 billion #TerraLunaClassic (LUNC) tokens. The exchange burned $1.35 billion in trading fees on 170 LUNC spot and margin trading pairs.104 USD. #Write&Earn