Binance Burns $922,800 Worth of LUNC from Trading Fees: Latest Burn Explained

The Terra Luna Classic (LUNC) community continues its efforts to reduce the token's circulating supply, and Binance remains a key player in these burns. The latest burn event highlights Binance's ongoing commitment to supporting the LUNC ecosystem.

Based on a transaction executed on July 1, Binance transferred 2.65 billion LUNC tokens to the burn address, reducing the circulating supply. The transaction also underscores the platform's active participation in the community's revitalization efforts.

Scrapping the old plan, Binance will now begin burning all trading fees collected on the LUNC/BUSD and LUNC/USDT spot and margin trading pairs on Binance. This more aggressive burning strategy demonstrates a heightened commitment to LUNC's future.

Since the May 2025 crash, an astonishing 405.94 billion LUNC tokens have been burned! This massive burn amount reflects the community's dedication to deflationary measures and reducing the overall supply.

Now, Binance has just completed its 30th burn, removing 736 million LUNC from circulation. This latest burn, valued at approximately $922,800, further diminishes the LUNC supply and potentially increases scarcity.

Stay updated on the latest LUNC burn events and Binance's continued support for the Terra Luna Classic community. Track the circulating supply and the impact of these burn initiatives on the LUNC price.