Crypto exchange Binance has repeatedly performed the LUNC burn mechanism this month, generating significant speculation within the Terra Luna Classic community. Binance is the largest contributor to the LUNC burn, having burned 64.47 billion tokens to date.
The burn mechanism aims to support the revival of the Terra Luna Classic chain and its price. The community is closely watching the revisions in the burn mechanism by Binance to gauge its future impact on LUNC.
Further details on the revised burn mechanism can be found in the original article on CoinGape: 'Terra Luna Classic Burn Mechanism Revised By Binance, What’s Next for LUNC?'
