$LUNC is holding steady right now, trading around $0.000061 — just under this week’s high of $0.000073. It’s been through a lot, down 64% since December, but something big is on the horizon: the 410 billion token burn milestone. 🔥

Right now, over 409.4 billion $LUNC have already been burned. And with more than 304 million tokens getting burned every week, we’re about to cross the 410B line — either later this month or early June.

So, what’s a token burn? It’s when tokens get sent to a “dead” wallet address, meaning no one can ever use them again. This reduces the supply, aiming to make the token deflationary — which could benefit holders, especially those staking.

Let’s talk about who’s doing the burning:

  1. Terraform Labs is the biggest burner with over 249 billion tokens gone — most of it happened during their 2024 bankruptcy process.

  2. Binance isn’t far behind, having burned over 72 billion LUNC by sending part of their fee earnings to the burn wallet.

  3. Others like DFLUNC, LunaticsToken, and MEXC are also contributing to the burn mission. 💪

Remember, $LUNC is what’s left of the original Terra project, which crashed in 2022 after the UST stablecoin lost its peg — causing over $40 billion in losses. After that, LUNC became a community-led project while the original devs moved to Terra 2.0.

We're now seeing the community push to make LUNC more scarce and possibly more valuable. Let’s see how this burn milestone impacts the price. 🔥🚀

#LUNC✅ #TerraLunaClassic #CryptoNewss #TokenBurning #BinanceSquare