🔥🔥🔥Listed Below Is Binance's Monthly Terra Classic (LUNC) Burn Amount
According to the data, Binance, a cryptocurrency exchange, is still conducting its regular burns of Terra Classic (LUNC).
According to the numbers, Binance has spent almost 1.3 billion LUNC tokens in three separate transactions this month. The cryptocurrency exchange has spent almost $144,000 on LUNC tokens so far this month, as of the publication of this article.
This quantity of burning won't have much of an impact on the price of LUNC, an altcoin with a market value of $615 million; the token has lost around +10 value in the last week, according to its chart.
By far, Binance has issued more Terra Classic tokens than any other exchange. As of this writing, the cryptocurrency exchange has destroyed LUNC tokens worth $6.42 million. That means that Binance has already burnt up around 1% of this altcoin's supply.
While the bulk of the exchange's token burning occur at the start of each month, smaller burns do occur on other days. So, it's possible that June's Binance Terra Classic burns will be a little higher than usual.
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