HomeLatest NewsOver 1.7 billion LUNC was burned in the last 10 days

Over 1.7 billion LUNC was burned in the last 10 days

-

Terra Classic Burn Update Reaches 1.7 Billion LUNC in Ten Days

Terra Classic Burn Update for Early February

The Terra Classic ecosystem continues to record steady burn activity. During the first ten days of February, a total of more than 1.7 billion LUNC was removed from circulation through ongoing burn initiatives.

Token burns remain an important part of Terra Classic’s long term supply reduction strategy. By gradually reducing circulating supply, the community aims to strengthen the foundation for long term ecosystem recovery and growth.

Daily LUNC Burn Breakdown

Below is the complete daily burn recap for the first ten days of February.

Date LUNC Burned
February 1 1,147,191,675
February 2 168,648,532
February 3 55,419,874
February 4 138,464,391
February 5 36,216,303
February 6 48,908,522
February 7 20,794,946
February 8 32,404,845
February 9 30,669,205
February 10 33,716,529

Total burned: 1,712,434,822 LUNC

Burn Activity Overview

Most of the burn volume occurred at the beginning of the month, with February 1 contributing more than 1.14 billion LUNC. Large single day burns typically happen when exchanges or ecosystem partners execute scheduled burn events.

After the initial spike, daily burns continued at a steady pace, showing ongoing participation from different parts of the ecosystem.

Why Ongoing Burns Matter

Burning tokens permanently removes them from circulation. For Terra Classic, this process helps reduce the large token supply created in 2022.

  • Supporting long term supply reduction
  • Strengthening community confidence
  • Encouraging ecosystem participation
  • Supporting the recovery roadmap

Looking Ahead

Consistent burn activity continues to play a role in Terra Classic’s broader recovery efforts. As development and adoption progress, regular supply reduction remains a key focus for the community.

Adit 39
Adit 39https://www.adit39studio.com/
The world shall know PAIN

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Is This the Best Time to Buy LUNC? Chart Analysis and Extreme Fear Signal a Possible Accumulation Zone

Market Context: Sentiment First The Crypto Fear and Greed Index has dropped to 5, placing the market in extreme fear territory. This level historically appears near...

Crypto Fear and Greed Index Falls to Level 5. What Extreme Fear Means for the Market

Crypto Fear and Greed Index Falls to Level 5. What Extreme Fear Means for the Market The Crypto Fear and Greed Index has dropped to a...

LUNC Price Analysis: Terra Classic Is Falling After Bitcoin Dropped To $67K

Introduction Terra Classic (LUNC) has recently experienced a noticeable price decline. The main reason behind this move is Bitcoin falling below the $67,000 level. When Bitcoin...

Luna Classic Oracle Pool Continues to Decline as Income Falls Behind Outflows

Luna Classic Oracle Pool Continues to Decline as Income Falls Behind Outflows The Terra Classic Oracle Pool, which funds staking rewards for validators and delegators, continues...

Most Popular