LUNC News Highlights: Top Terra Classic Validator Burns 26 Million LUNC, Binance To Burn Monthly

November 7, 2022 Updated September 5, 2025

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Expertise : Crypto, DeFi, Blockchain, Web3, Stocks, AI, Regulations and Lawsuits, & More

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Terra Classic Officially Releases Its Biggest v2.1.0 Parity Upgrade Proposal

LUNC News Highlights (November 7): Terra Classic validator burns over 26 million LUNC tokens in the weekly burn mechanism. Crypto exchange Binance switches from a weekly LUNC burn mechanism to a monthly basis after completing the fifth batch burn of trading fees on LUNC spot and margin trading pairs.

LUNC News Highlights

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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.

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About Author

Varinder Singh

About Author

Varinder Singh

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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