40M+ LUNC tokens were cumulatively burned in the past 24 hours, as a single wallet accounted for 25M+ of the incinerated tokens.

The Terra Classic (LUNC) burn initiative is going on nicely. The network witnessed 14 burn transactions in the past 24 hours, amounting to 40,440,467 LUNC tokens, with a single wallet incinerating up to 25,827,385 tokens in one burn transaction.

All 14 transactions were recently indexed by LUNC Pengiuns – an unofficial Terra-focused surveillance and data-tracking system developed by Happy Catty Crypto. The transactions, which amounted to 40.4M+ LUNC, were all carried out on Monday, with three massive single burns standing out.

One of the significant burn transactions occurred on November 28, 21:22 (UTC), and accounted for 25.8M LUNC tokens. The memo on the transaction reads Allnodes Burn, which suggests that the burn was carried out by the independent Terra validator Allnodes, as it preserves in its commitment to weekly LUNC incinerations.

(By Albert Brown)