🚨✨💸The Terra Classic ($LUNC ) network has reached a significant milestone, surpassing the 400 billion mark in token burns, as reported by LUNCMetrics.
🎉To date, over 400.6 billion LUNC tokens have been permanently removed from circulation, with the burn trend showing no signs of slowing down.
🚨Remarkably, 1.45 billion tokens were destroyed in the past week alone, leaving approximately 6.5 trillion LUNC coins still in circulation.
🌟A key driver of this reduction remains Terraform Labs, which filed for bankruptcy in 2024. Under a U.S. court mandate tied to its legal proceedings, the company has incinerated over 259 billion tokens, making it the largest contributor to the burn initiative.
💫🔑Other major contributors include Binance, which has destroyed more than 70 million tokens, alongside community-driven efforts from entities like DFLUNC, LunaticsToken, and MEXC.
The concept behind token burning lies in its ability to decrease the circulating supply of a cryptocurrency, potentially increasing its value by enhancing scarcity. As efforts to burn LUNC tokens continue to gain momentum, the strategy aims to stabilize the token’s ecosystem and potentially pave the way for future price growth. #LUNC✅ #JUPBuybacks #MicroStrategyAcquiresBTC #DeepSeekImpact #Write2Earn! $LUNC