Terra Classic Nears 100 bn Burn Milestone
Terra Classic (LUNC) has regained market capitalization and is nearing the milestone of 100 billion native tokens burned in a collaborative effort to remove them from circulation.
Since its introduction on May 13, 2022, the Terra Classic community has burned 98.52 billion LUNC tokens, with 391 burned in the last seven days alone, bringing the total circulating supply to 5.78 trillion.
This burning campaign, largely accelerated by Binance, is reducing the amount of LUNC tokens in circulation and increasing demand, contributing to its bullish momentum and growing price.
Due to the burning milestone and community votes on two major KYC proposals, LUNC is expected to experience further price increases in the near future.
(With inputs from Shikha Singh)
You need to login in order to Like
