The First Day Of Burning Of Terra Luna Classic (LUNC) Destroyed 80 Million Tokens

Terra Luna Classic LUNC Price Prediction

✍️ 23 September, 2022 - 6:09 👤 Editor: Jakub Motyka

The Terra Luna Classic (LUNC) burn tracker reveals that yesterday, September 21 and first day of the 1.2% burn tax, more than 80 million LUNC tokens were destroyed. At the price at which this cryptocurrency is currently trading, we are talking about a token burn valued at more than 22 thousand dollars.

With the help of the exchanges that have accepted this new tax, the Terra Luna Classic (LUNC) community yesterday witnessed a reduction in the supply of this crypto that increased the burn of LUNC up to 80,598,500 tokens.

The 1st Day Of The Terra Luna Classic (LUNC) Burn Tax Destroys 80,598,500 Tokens

Yesterday, September 21, 80,598,500 LUNC tokens were burned with the implementation of the new 1.2% tax over the Terra Classic network. In this way, the new LUNA cryptocurrency has reduced its total supply from 6,903,192,856,873 to 6,903,118,776,504 LUNC, where this further reduction can be seen of 80 million tokens after yesterday's burn.

Terra Luna Classic (LUNC) Burn September 21 2022
Graph with the total LUNC tokens burned during the last month, including a detailed view of the Terra Classic burn from yesterday, September 21.

It was not, in any case, the day of greatest burning of Terra Luna Classic (LUNC). There have been larger LUNC burns such as the one on September 1, when 402,174,569 tokens were destroyed, or the one on August 19, with a destruction of 501,801,047 tokens.

The stablecoin previously used in the Terra project, TerraClassicUSD (USTC), has also seen its total supply decrease with a burn of 178,096 USTC tokens as of yesterday, September 21. In your case, the total supply of this crypto is located at 9,815,156,717 USTC at the time of writing this news.

The Price Of Terra Luna Classic (LUNC) Remains Lateral In Recent Days

The LUNC cryptocurrency of Terra Luna Classic will hardly benefit in its price from the burning of tokens as long as Do Kwon is on the run. Today, September 22, its price is $0.0002819, with a drop of 8.29% compared to the last 24 hours and a market capitalization of $1,735,610,438.

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Juan Pais

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