Binance, the world’s leading crypto exchange by trading volume, has burned 1.2 billion LUNC tokens, reducing the circulating supply of the token. This move has generated significant enthusiasm within the Terra Classic community.
The Terra Classic community is hopeful that the burn will lead to a positive impact on LUNC’s price. Binance’s burn mechanism has been focused on its native BNB token and LUNC, further solidifying its commitment to these assets.
The response from the community highlights the optimism and potential future growth of the Terra Classic ecosystem as these periodic burns help to increase scarcity and, potentially, value.
