#Lunch terra Classic's burn mechanism is actively reducing the total supply of LUNC tokens. Here's an update on the current burn status ¹ ²:

- *Total LUNC Burned*: 410.38 billion tokens have been burned since May 13, 2022, with 261.32 million tokens burned in the last 7 days.

- *LUNC Burn Rate*: The 7-day moving average of LUNC burned per day is approximately 37.33 million tokens.

- *Top Burners*: The top burners include ¹ ²:

- *Terra Form Labs (TFL)*: 60.7% of total burns (249.1 billion tokens)

- *Binance*: 17.8% of total burns (72.9 billion tokens)

- *DFLUNC Protocol*: 0.5% of total burns (2.07 billion tokens)

- *Recent Updates*: Binance recently burned 2.2 billion LUNC tokens in its 18th burning ceremony, contributing to the overall burn effort.

- *Tax2Gas Upgrade*: The Terra Classic community has voted to raise the LUNC burn tax rate from 0.5% to 1.5%, which could further accelerate token burns and reduce the supply.

The burn mechanism is driven by taxes derived from on-chain transactions and donations sent to the official burn wallet. The Terra Classic community expects these burns to positively impact LUNC's price movement ³.