Terra Luna Classic (LUNC) Burning Cools Down

2 years ago · Updated 12 months ago

✍️ 27 December, 2023 - 16:05 👤 Editor: Jakub Motyka

Our Terra Luna Classic (LUNC) burn tracker reveals that the number of burned tokens has started to drop in recent days.
Yesterday, September 28, only 158,917,653 LUNC tokens were burned, far from the maximum of 467,117,204 LUNC burned reached a few days ago.

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The Terra Luna Classic (LUNC) burn is starting to cool down. After the initial euphoria over Binance's acceptance of the burn tax, the number of LUNC tokens from Luna Classic moved to the burning wallet has begun to decrease in recent days.

Yesterday, September 28, the burning of Terra Luna Classic (LUNC) allowed a total of 158,917,653 LUNC tokens to be destroyed. Although it may seem like a high figure, the truth is that it is the 2nd day with the lowest LUNC burning in the last week, something that could be revealing signs of exhaustion in the burning of this cryptocurrency.

Terra Luna Classic (LUNC) Burn Falls After The First Week Of The 1.2% Tax

The burning of Terra Luna Classic (LUNC) has experienced an intense week after the activation of the 1.2% burning tax, which allows the destruction of a certain number of LUNC tokens each time an operation is performed on the Terra Classic network. Since it was activated on September 21, a total of 2,379,473,509 LUNCs have been destroyed, which is equivalent to more than 680 thousand dollars.

But the LUNC burning has begun to decrease in recent days. In addition to yesterday's bad data, it seems that Binance's euphoria is over and today, September 29, the Luna Classic burn does not seem like it will offer much better data.

Terra Luna Classic (LUNC) Burn During Last Week — Terra Luna Classic (LUNC) burning during the last week until yesterday, September 28.

Day	Total LUNCs burned
September 21	80,598,500 LUNC
September 22	380,650,755 LUNC
September 23	455,274,187 LUNC
September 24	288,365,749 LUNC
September 25	258,889,995 LUNC
September 26	467,117,204 LUNC
September 27	289,659,466 LUNC
September 28	158,917,653 LUNC
September 29	(Until now) 22,844,564 LUNC

Table with the burning of Terra Luna Classic (LUNC) since the activation of the 1.2% burning tax in the transactions over the Terra Classic network.

The best days for Luna Classic burning have been 26 and 23 September, with destruction records of LUNC that reached 467,117,204 LUNC and 455,274,187 LUNC burned, respectively. The worst day was yesterday, September 28, with a burn of only 158,917,653 LUNC.

Price Of Terra Luna Classic (LUNC) Holds Up Awaiting The $0.0003 Assault

Despite all the negative news about Do Kwon that has been appearing in recent days, the Terra Luna Classic (LUNC) cryptocurrency price today remains at 0.000281$, which represents a rise of 4.51% in the last 24 hours, with a market capitalization of $1,729,202,447.

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Juan Pais

E-mail: juan@criptokio.com

ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges.

Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras.

EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges.

I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.