- Exchange’s latest incineration of 413M tokens drives price and staking momentum
Binance has once again demonstrated its ongoing support for the Terra Classic LUNC community by burning 1.28 billion LUNC tokens in the last 3 months. Of this, 413,653,486 tokens have been burned, with the latest burn covering trading activity for April.
This burn is part of the exchange’s long-standing initiative to incinerate 50% of its spot and margin trading fees derived from LUNC-related activity.
The monthly burn program has made Binance the leading LUNC burner, having eliminated more than 72.1 billion tokens since the initiative began. While April’s burn was slightly lower than March’s 521.9 million and significantly down from February’s 760 million, the fluctuations mirror changes in trading volume rather than waning commitment.
Also Read: LUNC Lives On: Terra Classic’s Utility and Burn Mechanism Explained
Terra Classic LUNC Price Analysis
At the time of writing, Terra Classic is trading at $0.000063, a 2.32% gain in the past 24 hours. What’s more impressive is the 74% surge in 24-hour trading volume, which reached $14.87 million.
Over the past month, LUNC has climbed 3.27%, and while it may be a slow climb, it’s steady. The token’s market cap stands at $344 million, ranking it #147 on CoinMarketCap, with a circulating supply of 5.43 trillion tokens.
Staking is also gaining traction in the LUNC ecosystem. Currently, over 1.038 trillion LUNC tokens are staked, representing roughly 15.99% of the circulating supply—a notable increase from last year’s 13.9%. This trend shows growing investor confidence and a commitment to the project’s long-term prospects.
Binance’s consistent burns are helping to reduce LUNC’s circulating supply, which could support future price growth. This is especially if trading activity continues to rise. With staking on the rise and community engagement holding firm, Terra Classic seems to be laying the groundwork for a more stable and potentially bullish future.
