The Terra Classic community has burned over 20 million LUNC tokens in a week amid the push to increase the burn rate. Validators and projects running on the Terra Classic network commit to burn millions of LUNC tokens after crypto exchange Binance temporarily suspended its LUNC burn mechanism until March.

CoinGape has been tracking the weekly burns by the Terra Classic community, believing in the revival of the Terra Classic as per the roadmap suggested by core developer Edward Kim. Also, the community plans to burn billions of LUNC tokens in 2023.

While the week still has a few days left, the community has already burned over 20 million LUNC tokens in the last 4 days. The LUNC burns have increased by almost 4 million week-over-week in January, indicating a move in the right direction.