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Binance burns over $59 billion worth of Terra Luna Classic (LUNC) tokens.
The largest cryptocurrency exchange globally has confirmed further consumption of Terra Luna Classic (LUNC) tokens, exceeding 59 billion tokens, as reported by LUNC Burn Tracker on May 23.
Binance burns LUNC tokens regularly, separate from its monthly mechanism. In early May, they burnt 1.4 billion tokens, for a total of 59.07 billion, or 51.9% of the total tokens burned by the community, equal to 113.71 billion.
The broader cryptocurrency market experienced a sell-off, which affected LUNC and USTC prices. LUNCH fallen Up 2.45% in 24 hours to $0.0001134, while USTC fell 3.66% to $0.02274. Trading volumes have also fluctuated, recently increasing by 231%.
Investors responded to the market changes, mirroring past sell-offs following SEC approvals, highlighting Binance’s continued support of Terra Luna Classic from 2022 as a sign of its commitment to the community’s rebirth.
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