{"id":507739,"date":"2023-10-25T17:00:52","date_gmt":"2023-10-25T17:00:52","guid":{"rendered":"https:\/\/wncen.com\/?p=507739"},"modified":"2023-10-25T12:57:01","modified_gmt":"2023-10-25T12:57:01","slug":"total-lunc-burned-crosses-24-billion-but-is-it-enough","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/terra-luna\/total-lunc-burned-crosses-24-billion-but-is-it-enough\/","title":{"rendered":"Total LUNC Burned Crosses 24 Billion, But Is It Enough?"},"content":{"rendered":"
LUNA Classic (LUNC) is still receiving a lot of support from investors and firms in the space despite having lost a significant portion of its value after the Terra network crash. LUNC\u2019s supply ballooned during this time, reaching trillions of tokens in circulation. This increased supply continues to hinder the increase in price for the digital asset, prompting various burn initiatives to help reduce its supply.<\/p>\n
More Than 24 Billion LUNC Burned<\/h2>\n
Since the LUNC burn was implemented a couple of months ago, it has ramped up to include burns from Binance, the largest crypto exchange in the world. The 1.2% burn tax on all LUNC transactions has also helped the burned figure, making it one of the most reliable avenues for burning LUNC.<\/p>\n