**WISE CRYPTO NEWS**
**🔥 Bullish Updates 🔥**
🕑 **10h ago** ・ **39.3k views**
**Terra LUNA & LUNC:**
**Binance Burns Over $59B Terra Luna Classic (LUNC) Tokens**
🔹 The largest cryptocurrency exchange, Binance, has confirmed an additional burn of over 59 billion Terra Luna Classic (LUNC) tokens, according to LUNC Burn Tracker on May 23.
🔹 Binance regularly burns LUNC tokens beyond its monthly mechanism. In early May, they burned 1.4 billion tokens, bringing the total to 59.07 billion, which is 51.9% of the community’s total burned tokens at 113.71 billion.
🔹 The broader crypto market experienced a selloff, affecting LUNC and $USTC prices. $LUNC dropped 2.45% in 24 hours to $0.0001134, while $USTC fell 3.66% to $0.02274. Trading volumes also fluctuated, notably increasing by 231% recently.
🔹 Investors reacted to market changes, similar to past selloffs after SEC approvals, underscoring Binance’s continued support for Terra Luna Classic since 2022 as a commitment to community revival.
