Terra Luna Classic (LUNC) has seen a surge in token burns recently, as Binance continues to play a significant role in reducing its supply. On October 15, 2024, the Terra Classic community is witnessing growing momentum in the burn campaign, with both Binance and community efforts contributing to the removal of billions of LUNC tokens from circulation.

Recently, Binance incinerated 1.7 billion LUNC tokens, contributing to a cumulative total of over 125 billion tokens burned across the network. This burn mechanism aims to revive the ecosystem and stabilize the token's value, with additional plans in place for future burns through governance proposals and updates like Tax2Gas.

Despite these efforts, LUNC’s price remains volatile, facing pressure from broader market trends. However, many in the community remain hopeful for a recovery, with the burn campaigns seen as a pivotal factor for long-term price stabilization.

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