Cryptocurrency

The recent development stated that whopping 5,619,272 LUNC tokens were burnt on Sunday as a part of the Terra Classic community effort to get the Terra classic (LUNC) reduced from its former circulation supply to a minimum supply of 10 billion. Since the community has pledged its allegiance to stand by the Terra Classic token, getting the token reduced has been the loudest sound in the community and of course in the crypto industry. Read Also: Virginia-based Luxury Car Now Accept Shiba Inu Via BitPay According to the report on the official website of Terra which monitors the daily burning activity, it revealed Sunday’s first transaction which occurred at exactly  3:04 (UTC) claimed a total of 80,000 LUNC tokens. Although, the detail of the transaction was not fully known. Terr...

The rate of burning of LUNC has been encouraging over time, the recently revealed that Terra Classic witnessed a massive burn in 14 burns transactions which claimed 40,440,467 LUNC tokens, with a single wallet incinerating up to 25,827,385 tokens in one burn transaction in the past 24 hours. Terra Classic Burns Over 40.4M LUNC The 14 transactions were also indexed by the  LUNC Penguins – an unofficial Terra-focused surveillance and data-tracking system developed by Happy Catty Crypto. The transactions, which amounted to 40.4M+ LUNC, were all carried out on Monday, with three massive single burns standing out. Read Also: Terra Classic Experiences A Burn Of 9.3M LUNC From Two Wallets the report also revealed that one of the transactions happened on 28th November 28, 2022, which ...

In a recent tweet shared by the LUNC Station, it revealed that a total of 9.3M LUNC tokens were burned by two LUNC wallets, with independent validator LUNCDAO accounting for 4.9M burnt tokens as part of its periodic incineration exercise aimed at supporting the initiative for the revival of the once-neglected token. Additionally, the validator Luna Station 88 burnt 4.3M. Two LUNC Wallets Burns A Total Of 9.3M LUNC The late indexed transaction occurred barely 16 hours apart from the 27th and 28th of November with the first burn claiming a total of 4,454,817 LUNC tokens on November 27, 9:49 (UTC). Despite being without a memo, the transaction can be traced to the Terra validator Luna Station 88, as disclosed in a recent tweet. Read Also: Shiba Inu Community Burns 223.26M In A Week,...

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. https://twitter.com/LunaBurnTracker/status/1594859468059287553 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 https://twitter.com/LunaBurnTracker/status/1594652074972774402 Not long after this, another burn was initiated, sending a whopping 6,584,563 (6.58M) Terra Classic tokens ($1,024) to the...

According to a recent tweet, the current circulating supply of the Terra Classic is below 6 trillion as almost 1 billion LUNC was incinerated over the past six days. Recall that the circulating supply of LUNC was released to be 6.012 trillion by CoinMarketCap some days making the total burn via the proposal calm at 27.1 billion tokens. Read Also: SHIB Metaverse Launches New Tech Trench To Aid Users Into The World Of Tech marvel, Education, And Evolutionary Spectrums Total LUNC Supply Now Sits Below 6 Trillion As Terra Classic Burns Close To 1 Billion It is worth noting that the recent 6 days' LUNC burn of nearly 1 billion brings the total LUNC burn to 28.01 billion. https://twitter.com/LunaBurn_13/status/1593414844094480385 According to the tweet shared by the LUNC Bu...