The latest Terra Classic (LUNC) burn from Binance demonstrates the exchange’s commitment to the initiative and represents its burn for fees collected in April.

Binance remains committed to supporting the Terra Classic (LUNC) burn campaign, as it recently incinerated over 1.26 billion LUNC tokens for its latest batch of monthly burns. Notably, the burn represents 50% of the fees collected on Terra Classic trades on the exchange for the month of April.

Per data from Terra Finder, the burn transaction occurred today at 12:13 (UTC) and involved exactly 1,268,122,322 (1.268 billion) Terra Classic tokens currently valued at an excess of $135K against prevailing rates.

Following the transaction, the exchange’s cumulative LUNC burns have finally surpassed the 31 billion mark, making Binance the first single entity to hit this milestone since the burn initiative began. Binance now boasts a cumulative burn of 31.83 billion LUNC, representing 57.9% of the total Terra Classic burns of 54.92 billion tokens.

(by Albert Brown)