🔥 $LUNC Burn Rumors: Fact vs. Fiction
1. $4.47B SEC Settlement Was for Creditors, Not a Burn
In June 2024, Terraform Labs settled with the U.S. SEC for $4.47 billion over fraud charges tied to TerraUSD and Luna. This payout is for creditor compensation, not a token burn. (Reuters)
2. Terraform Labs Burned 2B+ Tokens
As part of the settlement, Terraform Labs executed a one-time burn of over 2 billion $LUNC and USTC tokens. This does not signal a recurring or large-scale burn plan. (Crypto News Focus)
3. Supply Still Massive
Despite burns, LUNC’s supply remains ~6.49 trillion. A 1/3 burn (~2.16 trillion) has never been ordered or planned.
4. Community & Exchange Burns Continue
The Terra Classic community maintains a 0.5% tax burn on transactions, while Binance leads with monthly burns, keeping deflation alive at a steady pace. (CryptoNews)
5. No Word on “Massive Burn”
Neither Terraform Labs, the SEC, nor regulators have announced any huge $4.5B, 1/3 supply burn in 10 days. Such claims are misinformation.
---
✅ Bottom Line:
Yes, $LUNC burns are happening — but at a gradual pace. The SEC settlement is for creditors, not a supply cut. Investors should trust official sources, not rumors.
LUNC Price: $0.00005489 (+1.55%)
