Claim BonusBinance Burns 4.17 Billion Terra Luna Classic (LUNC)
Highlights
- Crypto exchange Binance burns 4.17 billion Terra Luna Classic (LUNC) tokens
- Total LUNC burned by Binance reaches over 56 billion and community burn nears 110 billion
- LUNC and USTC price rebounds after the Binance LUNC burn.
The world’s largest crypto exchange Binance burned 4.17 billion Terra Luna Classic (LUNC) tokens in its 20th batch of the LUNC burn mechanism. Following the latest burn by Binance, the net LUNC burned by the crypto exchange has now surpassed over 56 billion. Moreover, the total tokens burned by the Terra Luna Classic community has reached nearly 110 billion.
Binance Burns 4.17 Billion Terra Luna Classic (LUNC)
Crypto exchange Binance sent 4.17 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the transaction on April 1.
Notably, the 20th batch of the LUNC burn mechanism Binance burned over 350 million in trading fees for the period between February 29 to March 30. Binance has now burned nearly 56 billion Terra Luna Classic (LUNC) tokens from trading fees on LUNC spot and margin trading pairs.
In March, Binance burned 2.21 billion Terra Luna Classic (LUNC) tokens. The crypto exchange continues to burn LUNC every month under the new CEO Richard Teng, meeting the commitment by ex-CEO Changpeng Zhao to the Terra Luna Classic Community.
Meanwhile, the daily burn rate has decreased as compared to earlier months due to an increase in LUNC price. However, the trading volume on crypto exchanges remained higher amid a massive rally in Bitcoin price and altcoins.
Read More: LUNC Price Rallied 400%, Analyst Predicts Further 270% Upside on Breakout
LUNC and USTC Prices Rebound
Terra Classic ecosystem tokens LUNC and USTC rebound after Binance burned over 4 billion LUNC.
LUNC price rebounded over 1% from the support level, but the price is still down 1% in the last 24 hours. The price is currently trading at $0.000152. The 24-hour high and low are $0.000150 and $0.000161, respectively.
Moreover, trading volume has increased by 95% in the last 24 hours, indicating high interest among traders. However, LUNC futures data currently indicates a lack of trading among derivative traders.
Meanwhile, USTC price fell 2% in the last 24 hours, with the price currently trading at $0.0276. The 24-hour low and high are $0.0270 and $0.0289, respectively. Trading volume has jumped by 80% in past 24 hours.
Also Read: Top 5 Crypto To Buy That Confirmed Bullish Breakout For Massive Gains In April
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Tariffs: U.S. Lower Tariffs On Taiwan to 15% Ahead Potential Supreme Court Ruling
- Coinbase CEO Says CLARITY Act Progress Has Not Slowed Despite Markup Postponement
- Elon Musk’s X Cracks Down on InfoFi Crypto Projects; KAITO Token Falls 15%
- Bitget’s Tokenized Stock Platform Hits $18B as Traditional Assets Move On-Chain
- XRP News: RLUSD Gets Institutional Adoption Boost as Ripple Invests $150M in LMAX Group
- Shiba Inu Price Prediction: Inverse Head $ Shoulders Tests Critical Zone – Is a Breakout Still in Play?
- Binance Coin Price Prediction As 34th Quarterly BNB Token Burn Takes Place
- Here’s Why Ethereum Price Will Hit $4k By End of Jan 2026
- Solana Price Outlook Ahead of the Alpenglow Upgrade
- Bitcoin and XRP Price Prediction As US Senate Cancels Crypto Market Structure Bill Markup
- Dogecoin Price Poised to Hit $0.18 After Bullish Inverse Head and Shoulders Breakout
