Binance Burns 2.21B Terra Luna Classic (LUNC) in 19th Burn Batch Binance recently destroyed 2.21 billion Terra Luna Classic (LUNC) tokens as part of their 19th burning event.

The community has now burned a total of more than 224 billion tokens. Binance has burned a total of 2500 billion LUNC. In the 19th round of the burning process, Binance burnt 2.21 billion LUNC tokens. The Terra Luna Classic community has now burnt a total of more than 102 billion tokens, with the crypto exchange contributing over 53 billion to the total. In a joint effort to eliminate LUNC tokens, the community marked the achievement of burning 100 billion tokens with a boost in positivity and assurance. Following the March 1st transaction, Binance transferred 2.4 billion LUNC tokens to the burn address. Between January 31st and February 28th, Binance utilized the 19th round of the LUNC burn mechanism to burn over $270 million in trading fees. The latest burn conducted by Binance for LUNA spot and margin trading fees has resulted in a total of 53.48 billion Terra Classic tokens being destroyed. This brings the total burn for the Terra Luna Classic campaign to over 102 billion tokens, marking a significant achievement. The crypto community collectively burns more than 400 million LUNC on a weekly basis. This involves various participants such as exchanges, validators, projects, and individuals. Developers within the Terra Luna Classic community are actively working on important improvements to the chain that could greatly enhance the utility of the ecosystem’s tokens, USTC and LUNC, potentially increasing their value significantly. These efforts follow recent developments and proposals from the community which have led to a successful upgrade of Testnet Rebel-2 to the latest version of the terrad client v2.4. Top crypto news for today is highlighted. Bitcoin Cash has seen a 30% increase in value in just one day, raising the question of whether it can surpass the $500 mark.