Binance, the cryptocurrency exchange, has
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been getting rid of some Terra Classic (LUNC) tokens this month. They've burned about 1.3 billion LUNC tokens, which is worth around $144,000. This doesn't really affect the token's price much, though. LUNC is valued at $615 million, and it's only lost about 10% in the last week.
Binance has burned about half of all the LUNC tokens so far, which adds up to $6.4 million. That's about 1% of all the LUNC tokens out there.
Usually, Binance burns a lot of tokens at the start of the month, but they also do smaller burns on other days. So, we might see more burns from them in June.
