On October 1, the exchange conducted another burn: 334,879,422 tokens were permanently removed from circulation.
This is the monthly Buy Back and Burn, in which 50% of fees from LUNC trading pairs are burned. This time, the burn covers September 2026.
Binance has now burned more than 88 billion LUNC, while around 460 billion have been burned across all sources since 2022.
But there’s a catch: around 5.5 trillion tokens are still in circulation, the price is about $0.000052, and daily trading volume is below $10 million. So 334 million is less than 0.01% of the circulating supply, and the price barely reacted.
What do you think—will the burn eventually pay off, or does the market need other catalysts? Let us know 👇
#TerraClassic
This is the monthly Buy Back and Burn, in which 50% of fees from LUNC trading pairs are burned. This time, the burn covers September 2026.
Binance has now burned more than 88 billion LUNC, while around 460 billion have been burned across all sources since 2022.
But there’s a catch: around 5.5 trillion tokens are still in circulation, the price is about $0.000052, and daily trading volume is below $10 million. So 334 million is less than 0.01% of the circulating supply, and the price barely reacted.
What do you think—will the burn eventually pay off, or does the market need other catalysts? Let us know 👇
#TerraClassic