LUNC LUNC LUNC😱😱😱
Terra Luna Classic community saw massive LUNC burns with wallet-to-wallet transactions on Wednesday, bringing the total daily LUNC burn to over 275 million. The transactions sparked buzz in the community as someone moved billions of LUNC tokens to burn more than 222 million LUNC with burn tax.

Binance Burned 222 Million LUN
16 wallet-to-wallet transactions took place on May 8 creating the majority of the LUNC burn for the Terra Luna Classic community. The wallet burned 222,880,000 LUNC in tax fees by just moving these from wallets to wallets. A combined 50 billion LUNC were added to these wallets in minutes as the burn happened in an hour.
Some community members claim that all 16 wallets are controlled by crypto exchange Binance, the largest contributor to the LUNC burn campaign. They believe it will be used for mass staking on the Terra Luna Classic chain.
StakeBin data revealed 239 million LUNC burned in an hour, indicating that the transactions could have been planned. The wallets hold over 400 billion LUNC.