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Binance Burns 6.3 Billion LUNC, LUNC Surges 15%, Regains $1 Billion Market Cap

Binance, the world’s largest crypto exchange by trading volume, has finally burned its monthly portion of Terra Classic (LUNC) via the famous 0.2% burn tax.

Recall that Binance used to report the number of LUNC tokens destroyed via the burning tax on a weekly basis before opting for monthly reporting at end of October.

As reported by LuncBurnTracker, an account dedicated to tracking and reporting all LUNC burn transactions, in November, Binance incarcerated 6.3 billion LUNC worth $1 million.

Captioning a link to the transaction, LuncBurnTracker tweeted, “Burn alert! 6,389,199,628 LUNC ($1,038,309) burned to Luna Burn Wallet!”

(By Solomon Odunayo)

Binance LUNC Crypto
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