Binance, the largest cryptocurrency exchange globally, has completed its 10th monthly burn mechanism, destroying 1.04 billion LUNC tokens, bringing the total to nearly 33 billion. The burn is part of Binance's efforts to decrease the LUNC circulating supply. Despite Binance's reduced LUNC burn rate, DFLunc, a DeFi protocol, burned over 2.5 billion LUNC in May. LUNC's price has increased by 2% in the last 24 hours and is currently trading at $0.000085. Additionally, Binance has included support for LUNA, Terra, and Terra Classic on its platform.
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