$LUNC is holding steady, trading around $0.000061, just a bit below this week’s high of $0.000073. Even though it's down about 64% since December, something big is coming up: the 410 billion token burn milestone. 🔥

Right now, over 409.4 billion $$LUNC ave already been burned. At the current pace of over 304 million tokens burned per week, we’re on track to hit 410 billion later this month or in early June.

What’s a token burn?

It’s when tokens are sent to a wallet no one can access, which means those tokens are gone forever. This reduces the total supply, which can help increase the value over time—especially for those who stake and hold.

Who’s burning the most?

Terraform Labs leads the way, having burned over 249 billion tokens, mostly during its 2024 bankruptcy.

Binance is next, with 72+ billion burned by sending part of their trading fees to the burn wallet.

Other contributors include DFLUNC, LunaticsToken, and MEXC, all helping push the burn forward. 💪

Quick history:

$L$LUNC what’s left of the original Terra project, which collapsed in 2022 after the UST stablecoin lost its peg, causing over $40 billion in losses. Since then, LUNC has become a community-led project, while the original developers moved on to Terra 2.0.

Now, the community is working to make LUNC more scarce—and possibly more valuable. Let’s see how reaching the 410B burn mark affects the price.#LUNC