Binance Burns Over 522 Million LUNC in Latest Monthly Support Initiative

Binance has burned 522,448,771 LUNC as part of its ongoing support program for Terra Classic. The burn comes from trading fees collected on the platform during March.

This initiative is part of Binance’s monthly LUNC burn mechanism. Under this program, the exchange allocates 50 percent of LUNC trading fees to be permanently removed from circulation each month.

The burn program has been active since 2022 and continues to play a key role in supporting the Terra Classic ecosystem. By reducing the circulating supply, the initiative contributes to the long term sustainability of the network.

Since the program began, Binance has burned a total of 83.64 billion LUNC. This consistent effort highlights Binance’s continued involvement in the Terra Classic community.