Binance LUNC Burn Closing in on 90 Billion Milestone

Binance Closes In on 90 Billion LUNC Burned

Binance burned over 600 million $LUNC tokens on July 1, according to data from LUNC Metrics. The latest burn brings the exchange's cumulative total to 87.37 billion Terra Classic tokens permanently removed from circulation, putting the 90 billion milestone firmly within reach.

The burn forms part of Binance's long-running monthly program, which allocates 50% of LUNC trading fees collected on the platform to be permanently removed from circulation. Binance has burned LUNC every single month since late 2022, using trading fees collected from LUNC spot and margin pairs, converting them into LUNC and permanently sending them to the burn address.

The program has made Binance the dominant force in Terra Classic's deflationary effort. Binance remains the largest single contributor to this effort, having permanently removed over 84.94 billion LUNC tokens through its ongoing burn program as of early May 2026, a figure that has continued to climb with each subsequent monthly burn.

Supply Pressure Builds, But Price Under Pressure

The July 1 burn arrives amid mixed market conditions for Terra Classic. LUNC trading volume is up 5% over the past 24 hours according to CoinMarketCap data, though the token has shed nearly 30% of its value over the past month.

LUNC's burn mechanism, combining a 0.5% on-chain transaction tax with exchange-led burns, remains the cornerstone of the community's deflationary strategy. Despite the steady pace of supply reduction, the token's structural challenges remain significant. With 5.52 trillion LUNC still in circulation out of 6.46 trillion total, the daily burn rate is marginal against the float.

With a total supply still at 6.46 trillion, the current burn rate is mathematically insufficient for fundamental revaluation alone, and price gains from burns are vulnerable to reversal if staked supply is unlocked or if broader market sentiment sours. Still, the community views consistent exchange-led burns as a key pillar of the project's long-term recovery thesis, with sentiment remaining largely positive around the burns as a steady contribution toward rebuilding confidence in LUNC, though meaningful price appreciation will likely depend on a combination of sustained burns, successful network upgrades, increased utility, and broader market conditions.

Sources

LUNC Metrics: Binance LUNC Burn Tracker
CoinReporter: Binance Burns 2.19 Billion LUNC in June 2026
Crypto Times: Terra Luna Classic Surges 150% in a Month Amid Binance Burn