Over 9M LUNC tokens have just been burnt in two different transactions, with LUNCDAO accounting for 4.9M of the incinerated assets and Luna Station 88 burning 4.4M.

The Terra Classic (LUNC) community recently witnessed two burn transactions which saw the incineration of 9.3M LUNC tokens, with independent validator LUNCDAO accounting for 4.9M burnt tokens as part of its periodic incineration exercise aimed at supporting the initiative for the revival of the once-neglected token. Additionally, the validator Luna Station 88 burnt 4.3M.

The recently indexed transactions occurred barely 16 hours apart between November 27 and 28. The first transaction incinerated 4,454,817 LUNC tokens on November 27, 9:49 (UTC). Despite being without a memo, the transaction can be traced to the Terra validator Luna Station 88, as disclosed in a recent tweet.

The burn transaction from Luna Station 88 involved a third of a commission the Terra validator recently withdrew to 13.3M LUNC and 45K USTC. The validator burnt 4.4M LUNC and 15K USTC. The other third was used to support the validator, while the last was sent to the community pool.

(by Albert Brown)