Binance, the world’s largest crypto exchange by volume has executed another large-scale Terra Classic (LUNC) burn, continuing its supporting role for the Terra Classic ecosystem. Despite the substantial supply reduction, the price of LUNC and its daily trading volume have been falling significantly.
Binance Burns LUNC Tokens
On May 23, Binance initiated another LUNC burn separate from its 21st batch of LUNC burns on May 1. According to LUNC burn tracker, Terra Finder, the crypto exchange transferred about 29,828 LUNC tokens to a dead wallet, with a transaction fee of 11.33 LUNC.
Typically, on the first of every month, Binance executes a large-scale LUNC burn worth thousands of dollars. On May 1, the crypto exchange burnt approximately 1.4 billion LUNC tokens, valued at around $140,000, recording a total burn of more than 57 billion at the time.
Data from Binance’s LUNC tracker, ‘LUNC metrics’ have revealed that Binance’s total LUNC burn has increased to 59.
We współpracy z: https://bitcoinist.com/binance-massive-lunc-burn/
