Binance Torches 375.5M LUNC: Will Luna Classic’s Price Rise?

Binance, the leading crypto exchange by trading volume around the globe, just expanded their Terra Luna Classic (LUNC) community support. On the first day of July, Binance’s executive team blazed 375,565,484 LUNC tokens, eliminating these from circulation to reduce the over-minted supply. Binance Destroys Big Batch Of LUNC These 375.56M LUNC coins come from the monthly collected trading fees on the relative pairs. Burning 50% of the garnered fees, Binance took out $20,711.25 out circulation, but there’s still 5.46 trillion Terra Classic tokens out, which significantly contributed towards the embattled altcoin’s downward slope over the past two months. https://twitter.com/nuenghandsome/status/1939954810649780556

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