The most recent significant transaction involved the incineration of 2.1M tokens by LUNC DAO.

Terra Classic (LUNC) burns persisted over the weekend despite a hiatus of business activities, as over 5 million tokens were incinerated during the weekend and this morning. Out of the total burned tokens, validators LUNC DAO and Luna Station 88 accounted for 90%.

Besides LUNC DAO’s latest burn, the community incinerated a total of 3,050,018 (3M+) tokens on Sunday, marking a 3,342% increase from the burn rate recorded on Saturday. Out of the 3M+ tokens, Luna Station 88 – another autonomous validator – accounted for 2,981,683 (2.9M) tokens.

(By ALBERT BROWN)