November 27, 2023
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January 26, 2024
By: Pooja
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About 1.5 trillion LUNC tokens actively circulate for trading, with a significant portion held by entities like exchanges and validators.
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Since the Terra Classic blockchain revival in May 2023, over 533 billion LUNC tokens have been burned via transaction fees and staking rewards, aiming to reduce total supply.
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Ongoing inflation implies continuous token growth.
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The circulating supply and trading volume are notably lower than the total supply.
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The burn mechanism, implemented since May 2023, aims to positively impact the token's value by gradually reducing the total supply.
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The ongoing burn mechanism could contribute to potential future value appreciation of LUNC tokens.