The Terra Classic (LUNC) community continues its steady progress in reducing token supply. On June 18, over 176 million LUNC were burned, according to the latest blockchain data.
This marks one of the largest single-day burns in recent weeks, pushing the total circulating supply down to 6.5 trillion LUNC. The data also shows a consistent downward trend in supply since late May, demonstrating strong community support for the burn mechanism.
Why This Matters
Burning tokens means permanently removing them from circulation, helping to reduce overall supply. For LUNA Classic, this strategy is important because:
1. Reduced supply can support price increases over time.
2. Network activity (like trades and transactions) often triggers burns.
3. Community-led efforts continue to fuel momentum around deflationary progress.
Looking Ahead
As more Layer 2 projects and utilities launch on the Terra Classic chain, each transaction contributes to future burns. The more active the ecosystem becomes, the greater the potential impact on reducing supply — and increasing long-term value for holders.
The June 18 burn is a clear signal: the community remains committed to restoring and growing LUNA Classic.