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Terra Classic Projects Already Burned about 33 Million LUNC This Week So Far

Despite a slight reduction in social engagement, the Terra Classic community has continued its LUNC token burn initiative, with around 33 million tokens being burned by projects, validators, and anonymous individuals this week. Four entities, including Cremation Coin, Terra Casino, LUNC DAO, and Luna Station, were involved in 99.6% of the burned tokens. Cremation Coin accounted for the largest number of burned tokens, destroying about 18.3 million LUNC tokens. Terra Casino has also been burning hundreds of thousands of LUNC tokens on a daily basis since its launch in November 2022, burning 1.99 million tokens this week and 6.9 million tokens in the past seven days.

(By Solomon Odunayo)

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