Listed below is Binance's monthly Terra Classic (LUNC) burn amount
According to the data, Binance, a cryptocurrency exchange, is still conducting regular burns of Terra Classic (LUNC).
According to the numbers, Binance spent nearly 1.3 billion LUNC tokens in three separate transactions this month. The cryptocurrency exchange has spent approximately $144,000 on LUNC tokens so far this month, as of the publication of this article.
This amount of burn will not have a significant impact on the price of LUNC, an altcoin with a market cap of $615 million; The token lost about +10 value in the past week, according to its chart.
To date, Binance has issued more Terra Classic tokens than any other exchange. As of this writing, the cryptocurrency exchange has destroyed $6.42 million worth of LUNC tokens. This means that Binance has already consumed about 1% of the supply of this altcoin.
While the bulk of token burning on the exchange occurs at the beginning of each month, smaller token burns occur on other days. Therefore, the June Binance Terra Classic burn is likely to be a little higher than usual.