The total volume of Terra Classic tokens burned by the community has touched a record high as many contributors took millions of LUNC out of supply in the past weeks. While the overall LUNC burned recently crossed 50 billion, the community is still far from its target.

Data extracted from the popular LUNC burn tracker TerraRity showed that 50,122,048,197 LUNC have been taken out of supply forever at press time. That is, approximately 0.72% of the asset’s total supply of been burned as of March 23.

This development comes after Binance recently resumed its suspended LUNC burn contributions and amid the community’s rejection of a newly-introduced proposal to hike the burn rate from the current 0.2% to 0.8%.

(By Ndianabasi Tom)