Binance burns 1.04 billion Terra Classic (LUNC), price skyrockets

The world's largest cryptocurrency exchange Binance on Thursday burned 1.04 billion LUNC tokens in the 10th round of the LUNC burning mechanism. The total number of LUNC burned by the cryptocurrency exchange as part of its monthly burning mechanism reached nearly 33 billion. Traders reacted immediately to Binance's latest burn and the price of LUNC skyrocketed.