$LUNC As of November 2024, the Terra Classic (LUNC) community has made substantial progress in reducing the token’s supply through coordinated burn initiatives aimed at boosting its value. Key developments include:

• Binance’s Contributions: Binance remains a major player, recently burning over 1 billion LUNC tokens in a single transaction as part of its regular burn schedule. The platform burns 50% of trading fees collected from LUNC spot and margin trading, a practice it continues to uphold in support of the community.

• Terraform Labs’ Major Burn: In a significant move, Terraform Labs burned 251 billion LUNC tokens. This large-scale burn targeted assets held in its Shuttle Bridge wallets and was part of a broader settlement effort.

• Overall Supply Reduction: The community’s cumulative efforts have reduced the LUNC total supply to approximately 6.81 trillion tokens. Smaller, consistent burns by community members also contribute to this reduction, occurring on a weekly or monthly basis.

Looking ahead, the next major burn event is anticipated in December 2024, coinciding with Binance’s monthly burn schedule. To date, nearly 137 billion LUNC tokens have been burned collectively, highlighting the community’s dedication to its long-term goals.$LUNC