Binance Resumes Terra Classic Burns, Incinerates 8.8B LUNC

Binance, the world’s largest cryptocurrency exchange by 24-hour trading volume, has burned a whopping amount of Terra Classic tokens (LUNC). According to data from LunaBurnTracker, the leading cryptocurrency exchange sent 8,849,666,174 (8.84 billion) LUNC worth $1,504,266 ($1.5 million) to the official Terra Classic burn wallet.

The development comes hours after the Terra Classic network was upgraded to v1.1.0. The upgrade was imperative, prompting Binance to resume its voluntary burn of LUNC trading fees.

Recall that Binance halted the voluntary burn of its LUNC trading fees following concerns about Terra Classic token re-mints and the burn tax.

Terra Classic $0.00

-0.22%

Binance Terra Classic

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