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Terra Classic Burn Rate Surges by 2107% in 24 Hours: Here’s How Much LUNC Was Burned

In the last 24 hours, LUNC DAO, an independent validator on the Terra Classic network burned the largest amount of LUNC in one transaction. The Terra Classic network validator which is the 5th-largest LUNC contributor destroyed a whopping 2,631,901 tokens. 

Notably, this volume represents 51% of the total LUNC amount burned on Tuesday. Per data extracted from LuncPenguin, a LUNC burn tracking platform, the total LUNC burned on Tuesday amounted to 5,096,362 tokens. Comparing this amount with the LUNC tokens burned on Monday, a 2,107% increase is seen. 

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