News Explorer — Binance Burns Over 2.65 Billion Terra Classic LUNC Tokens

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Jul 2, 9:09 am

Cointelegraph

Binance Burns Over 2.65 Billion Terra Classic LUNC Tokens

Binance, the world's largest crypto exchange, has burned over 2.65 billion Terra Classic LUNC tokens in its 11th burn round, bringing the total burned tokens to over 35.5 billion. This burn has resulted in a 3% increase in the price of LUNC. The burn mechanism automatically reduces the circulating supply of tokens, potentially increasing their value over time.

Binance, the world's largest crypto exchange, has burned over 2.65 billion Terra Classic LUNC tokens in its 11th burn round, bringing the total burned tokens to over 35.5 billion. This burn has resulted in a 3% increase in the price of LUNC. The burn mechanism automatically reduces the circulating supply of tokens, potentially increasing their value over time.

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