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New Project on Terra Classic Sets Record for Highest LUNC Burn, Surpassing Binance

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  • DFLunc Burns Over 1.5 Billion LUNC Tokens in Record-Breaking Event.
  • Currently, LUNC is priced at $0.00008949 according to CMC.

In the past few days, a newly introduced project called Terra Classic burned over 1.5 billion LUNC tokens. Binance, on the other hand, burned 1.27 billion LUNC tokens during its monthly burn process on May 1st.

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Following Binance’s burns, the total number of LUNC tokens burned reached 55 billion, with Binance contributing 31.83 billion LUNC tokens. As the new DFLunc Protocol project gained popularity, the community continued to burn millions of LUNC tokens using this decentralized finance (DeFi) protocol. The DFLunc Protocol consists of multiple smart contracts designed to consistently reduce the supply of LUNC tokens through burning.

LUNC Burn Rate (source: thenewscrypto)

According to the available information, a total of 192 million LUNC tokens were burned. The current price of LUNC is $0.00008949, and its trading volume in the past 24 hours is $86,380,747. Over the last 24 hours, the value of LUNC has decreased by 5.54% according to CoinMarketCap.

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  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

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