Cryptocurrency exchange #Binance has burned 1.193 billion Terra Luna Classic ($LUNC ) tokens. The Terra Classic community’s net LUNC burn has reached almost 132 billion. The price of #LUNC✅ is pressuring investors with various factors.

Crypto exchange Binance’s LUNC burn has reached a total of nearly $65 billion as the exchange burned another 1.19 billion Terra Classic tokens.

The Terra Classic price in the spot and derivatives markets has failed to bounce this time amid a broader crypto market sell-off and controversy over chain rule violations by some validators.

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The Terra Luna Classic community saw 1.193 billion Terra Luna Classic (LUNC) tokens burned by cryptocurrency exchange Binance, according to the burn transaction on September 1st. The burn transaction also recorded 5.96 million LUNC taxes.

In the 25th batch of the LUNC burn mechanism, the cryptocurrency exchange burned $97,229.23 in transaction fees during the period from July 31 to August 29.

The exchange burned approximately 65 billion Terra Luna Classic (LUNC) tokens in the last 2 years

The total burned Terra Classic community has reached almost 132 billion as projects, crypto exchanges, and investors burn their LUNC tokens. However, the amount of the Binance LUNC burn mechanism has decreased significantly over time.