#LUNC✅ The Terra Luna Classic (LUNC) token experienced a significant event recently. A major security breach at the Turkish cryptocurrency exchange BtcTurk led to the theft and subsequent dumping of LUNC tokens on the market. The hack resulted in the loss of approximately $90 million worth of crypto funds, including 350,000,000,000 LUNC tokens1. This incident caused a substantial sell-off and contributed to LUNC’s price drop to a three-month low1.

Additionally, Binance conducted its 11th burn of LUNC tokens, destroying 2.65 billion tokens and reducing the circulating supply2. This burn mechanism is part of LUNC’s strategy to decrease its total supply over time, which could potentially increase the token’s value2.

The community has been actively involved in these events, with various projects contributing to the burn rate of LUNC tokens. The collective efforts aim to reduce the hyperinflated supply and stabilize the token’s market performance