Binance Burns Terra Classic (LUNC) Tokens in June
Binance has recently conducted its monthly burning event for Terra Classic (LUNC) tokens, revealing the amount of tokens burned this month.
According to data, Binance has burned approximately 1.3 billion LUNC tokens across 3 transactions in June, totaling around $144,000 at the time of writing. Despite the significant amount burned, the impact on the token’s market value of $615 million has been minimal, with only a slight decrease in value over the past week.
Binance has been responsible for about half of all Terra Classic token burns to date, totaling $6.4 million in burned tokens. This represents approximately 1% of the total supply of LUNC tokens.
While the exchange typically conducts its largest token burns at the beginning of the month, smaller burns may occur sporadically throughout June. Investors should note that this information is not intended as investment advice.
For access to a wide range of cryptocurrencies, including Terra Classic, users can sign up with Binance exchange using this link for a 20% commission discount. Stay updated with the latest news and data by following our Telegram and Twitter accounts.
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