Friday, December 9

Anonymous Wallet Burns Over 35 Million LUNC, 127.5M Were Burnt Via 0.2% Tax Burn In 24 Hours,

A recent tweet shared by LunaBurnTracker noted that a total of 35,789,630 (appr. 35.79M) LUNC were burned yesterday by an anonymous wallet.

The detail of the reaction was also shared by the same Twitter handle as the burn was conducted.

Anonymous Wallet Burns LUNC

  • A massive one million LUNC has incinerated from LUNC’s official burn wallet about 20 hours ago as revealed by LUNCBurnTrackers.

Read Also: Terra Classic Core Developer, Edward Kim, Publishes A Proposal To Re-open IBC Channel Before The Next Network Upgrade

  • Not long after this, another burn was initiated, sending a whopping 6,584,563 (6.58M) Terra Classic tokens ($1,024) to the dead wallet.
  • Since the last burning process, another massive 25,170,414 (25.17 million) LUNC was burned.
  • 2.6 million LUNC tokens valued at around $396 were also burned, @LunaBurnTracker revealed.

127.5 million LUNC were destroyed through the 0.2% tax burns.

In the same premise, @LuncBurn_13, another Twitter handle that also monitors LUNC burns noted that 28.29 billion tokens have been sent to the dead wallet. also, it noted that a total of 127.5 million LUNC were destroyed through the 0.2% tax burn in the past 24 hours.

Read Also: SHIB Super Store, One Of The Community-led Initiatives, Burns 26.77M SHIB In One Transaction,

Notably, the total circulating supply of the LUNC has been reduced to a sum of 5.99 trillion after the series of efforts put in place by the community to revitalize the token.

Binance has been doing tremendously well in terms of the LUNC burns via the designed proposal as the exchange has single-handedly incinerated almost 13.7 billion LUNC via the initiative.

Coupled with the above effort, Terra Rebel recently designed a lottery game which will reward the winner along with burning some percentage as a result.


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