Does Binance Really Hold 6 Trillion LUNC? The Truth You Need to Know
Many people online say Binance owns 6 trillion LUNC and will burn it all one day. That sounds exciting but the data tells a different story.
When Terra Luna crashed and became Terra Classic, about 3 trillion LUNC were sent to Binance wallets. That is much less than 6 trillion.
The wallet often shown as proof terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe shows Binance holds around 1.7 trillion LUNC now. So the claim that Binance owns 6 trillion is not correct.
If you have other wallet addresses that are confirmed to belong to Binance we will check them and update this article if needed.
False claims like this can harm the Terra Classic community. If people believe Binance will burn a huge amount they may stop trading or staking. That slows down the burn process because each trade helps burn more LUNC through the tax system.
In short check the data before you share big claims. If more confirmed wallet addresses appear we will review them and report what we find.
