Binance has burned 73,858,807,310 LUNC, worth roughly $4.35 million, reinforcing its commitment to reducing Terra Luna Classic’s massive supply. This latest burn comes as part of Binance’s monthly program using trading fees to permanently remove LUNC from circulation.
With over 5.5 trillion LUNC still in circulation, the community sees token burns as a key method to slow inflation and stabilize the network. Binance remains the largest contributor, accounting for a significant portion of the total 416 billion LUNC burned by all participants since mid-2022.
At a current price of $0.000059 per token, the impact of these burns on market value has been modest. Analysts say real recovery will require more than just deflation, it will also depend on new ecosystem applications, increased utility, and sustained community involvement.
Binance has confirmed these burns will continue on a regular basis, providing long-term support for Terra Classic’s revival strategy.
