Binance has officially crossed a major milestone by reaching a total of 73 billion LUNC burned through its ongoing monthly burn program. In the most recent round, the exchange burned 300 million LUNC, continuing its long-term support for the Terra Classic ecosystem.
The LUNC burns are part of Binance’s monthly initiative, where trading fees from LUNC spot and margin pairs are sent to a burn address to permanently reduce the circulating supply. Since the program began in 2022, Binance has remained the largest single contributor to LUNC token burns.
In a separate move, Binance also burned 4 million USTC, although this burn was not part of the official LUNC burn program. The USTC burn is seen as a symbolic gesture toward broader community goals, including the long-term vision of restoring USTC stability and trust.
The Terra Classic community welcomed both actions, emphasizing the importance of continued deflationary pressure and exchange participation in token economics. As discussions continue around staking rewards, market modules, and ecosystem utility, Binance’s commitment remains a central pillar in LUNC and USTC recovery efforts.
