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The world’s largest crypto exchange Binance burned nearly 3 billion Terra Classic (LUNC) tokens worth nearly $1 million on October 10. With the latest burn of another massive amount of LUNC tokens, the total supply has reduced to 6.88 trillion LUNC. As a result, the Terra Classic price has increased by nearly 4% in the last 24 hours.
Binance Sends Nearly 3 Billion Terra Classic (LUNC) Tokens to Burn Address
Binance sent over 2.99 billion Terra Classic (LUNC) tokens to the burn address on October 10 at 10:00 AM UTC. Moreover, the transaction fee is 35.91 million LUNC. The second batch of the LUNC trading fees burn is from October 2-8.
The crypto exchange burned over 5.59 billion Terra Classic (LUNC) tokens on October 3. Binance earlier announced burning trading fees on LUNC spot and margin trading pairs. However, the LUNC burn mechanism will not affect trading fees and the max fee will remain a
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