This report provides an overview of the top 10 USTC (TerraClassicUSD) burners. The data highlights the entities and addresses contributing the most to USTC supply reduction, with Luna Foundation Guard (LFG) and Terra Form Labs (TFL) accounting for the majority of recorded burns.
Key Findings
● Luna Foundation Guard (LFG), burning over 1.75 billion USTC, which represents 33.8% of the total.
● Terra Form Labs (TFL) collectively burned more than 644 million USTC through multiple wallets.
● Unknown addresses contributed significantly, with one wallet burning 86.3 million USTC (1.7%).
● KuCoin is the only exchange listed in the top 10, with 6.8 million USTC burned.
Breakdown of the Top 10 Burners
| Rank | Wallet Name | USTC Burned | % of Total |
|---|---|---|---|
| 1 | Luna Foundation Guard (LFG) | 1,754,725,793 | 33.8% |
| 2 | Terra Form Labs (TFL) | 438,873,713 | 8.5% |
| 3 | Terra Form Labs (TFL) | 174,560,640 | 3.4% |
| 4 | Unknown | 86,354,812 | 1.7% |
| 5 | Terra Form Labs (TFL) | 12,384,519 | 0.2% |
| 6 | Terra Form Labs (TFL) | 12,368,924 | 0.2% |
| 7 | Terra Form Labs (TFL) | 10,106,557 | 0.2% |
| 8 | Luna Foundation Guard (LFG) | 9,922,189 | 0.2% |
| 9 | KuCoin | 6,869,940 | 0.1% |
| 10 | Unknown | 5,734,019 | 0.1% |
Contributions from unknown wallets and exchanges reflect a more diverse participation base. Sustained burning activity, combined with ecosystem development, will remain critical in shaping USTC’s path toward stability and recovery.
