👀 The crypto exchange began burning Terra Classic tokens on a monthly basis after the collapse of the Terra Luna project in 2022. Binance usually carries out large-scale destruction of an asset on the first of every month. Thus, on May 1, the cryptocurrency exchange burned about 1.4 billion LUNCs worth approximately $140,000. In total, the platform canceled more than 59 billion tokens in 2965 transactions x. This is 51.9% of the 113.7 billion LUNCs burned by the Terra Classic community. The highest rate of destroyed Binance tokens was recorded on March 2, 2023. Then the cryptocurrency exchange burned a whopping 8.84 billion LUNCs, significantly reducing the supply of Terra Classic. However, the “reserve” of the asset still remains impressive - 6.79 trillion tokens.$