Terra Luna Classic Burn Reaches 400 Billion, Binance Burns Over 700 Million LUNC

The world’s largest crypto exchange, Binance, burned over 700 million Terra Luna Classic tokens in the 30th batch of the LUNC Burn Mechanism. With this, the total LUNC tokens burned by the community has reached over 400 billion. In addition, the circulating supply has dropped to 5.5 trillion LUNC.Binance Burns 736 Million Terra Luna Classic LUNC Tokens

Crypto exchange Binance sent over 736 million LUNC tokens to the burn address, according to the burn transaction on February 1. This is one of the lowest burns by the exchange since it started the LUNC burn mechanism to support the Terra Luna Classic community.

Terra Luna Classic Community Burn Milestones

The chain is managed by the Terra Luna Classic community with help from validators and developers through governance voting. The burn campaign has reached another milestone as the total LUNC burned by the community has surpassed 400 billion.

LUNC and USTC Price Performance

LUNC price has fallen by 6% in the last 24 hours, with the current price trading at $0.00007068. The 24-hour low and high were $0.00007017 and $0.00007641. However, Terra Luna Classic trading volume has increased by 25% in the last 24 hours, indicating increased interest among traders.

Analysts are still bullish about a rally to $0.0005. Meanwhile, USTC price has also fallen by 8% to $0.013 in the last 24 hours. Trading volume has increased by 33% in the last 24 hours.

Conclusion

The Terra Luna Classic burn continues, with the community reaching a new milestone by burning over 400 billion LUNC tokens. Binance has also burned over 700 million LUNC tokens in the 30th batch of the LUNC Burn Mechanism. LUNC and USTC prices have fallen in the past 24 hours, but trading volumes have increased, indicating continued interest among traders.#Lunch