The LUNA Classic (LUNC) community has now been burning the cryptocurrency for a couple of months now following the collapse of the Terra network. It has been on a reasonable momentum since then with the likes of Binance joining in on the action. So far, there have been more than 26 billion tokens burned, but the question still remains if this is significant to the overall supply of the digital asset.
Less Than 0.4% Of The Supply
The LUNC burned has since crossed 26 billion. Obviously, this was helped along by crypto exchange Binance which has burned more than $3 million worth of LUNC at this point. It also goes to show how fast the token burn is moving in terms of the dollar value. However, when held up against the total supply of the cryptocurrency, this number falls short.
At 26.3 billion tokens burned, it puts the total burned volume at just 0.38% of the total supply of the digital asset. In the end,…
