Terra

Terra Classic

Billion

Burn

<p><a href="https://bsc.news/news/terra-classic-lunc-burn-billion-11-days?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">Read this article on bsc.news</a></p>
<p>Terra Classic (<a href="https://x.com/search?q=%24LUNC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$LUNC</a>) burned more than 1 billion tokens in the first 11 days of November, as on-chain burns continued at close to 100 million tokens a day.</p>
<p>The network destroyed 1.06 billion LUNC between November 1 and 11. Four of those days topped 100 million tokens, with November 5 the largest at 162 million.</p>
<h2 id="cumulative-burns-reach-463-86-billion-lunc">Cumulative Burns Reach 463.86 Billion LUNC</h2>
<p>The running total since May 2022 now stands at 463.86 billion LUNC burned, according to LUNC Metrics. Circulating supply is 5.54 trillion.</p>
<p>That total is up from about 462.5 billion tokens burned as of around October 29, based on community trackers cited by <a href="https://www.coinreporter.io/2026/10/lunc-hits-462b-burned-after-v4-1-1-upgrade/" rel="noopener noreferrer nofollow">CoinReporter</a>. Figures vary between tracking services, so totals may differ depending on the source.</p>
<h2 id="how-the-burn-mechanism-works">How the Burn Mechanism Works</h2>
<p>Terra Classic uses an on-chain burn tax charged on LUNC transfers. <a href="https://www.coinreporter.io/2026/10/lunc-hits-462b-burned-after-v4-1-1-upgrade/" rel="noopener noreferrer nofollow">CoinReporter</a> reports the tax was raised from 0.5% to 1.5% through Proposal 12223 in early August 2026, and that it applies only to transactions on the Terra Classic chain itself, not to trades on centralised exchanges.</p>
<p>Exchange programs add to the total. Binance has historically burned LUNC each month using a share of trading fees. <a href="https://www.cryptopolitan.com/binance-november-lunc-burn-terra-classics/" rel="noopener noreferrer nofollow">Cryptopolitan</a> reported that Binance's November 1 burn had not appeared in tracked records as of early November, the first break in a pattern running since March 2023. The outlet noted that the missed burn was small relative to total supply and that Terra Classic can continue burning without the exchange.</p>
<h2 id="supply-overhang-remains-large">Supply Overhang Remains Large</h2>
<p>Despite the pace, the scale of the supply limits the impact. <a href="https://cryptoticker.io/en/terra-classic-lunc-burn-supply/" rel="noopener noreferrer nofollow">CryptoTicker</a> concluded that LUNC burns are cutting supply measurably but slowly, citing roughly 39.78 billion LUNC destroyed over the twelve months to September 15, 2026.</p>
<p>At around 100 million tokens a day, the November pace would remove well under 0.1% of the 5.54 trillion circulating supply each month, based on the figures above. Community proposals have set a long-term target of 10 billion total LUNC, a goal that remains far from the current supply.</p>
<h2 id="sources">Sources</h2>
<p><a href="https://cryptoticker.io/en/terra-classic-lunc-burn-supply/" rel="noopener noreferrer nofollow">CryptoTicker: Terra Classic, How Much LUNC Burns Really Cut the Supply</a><br><a href="https://www.coinreporter.io/2026/10/lunc-hits-462b-burned-after-v4-1-1-upgrade/" rel="noopener noreferrer nofollow">CoinReporter: LUNC Hits 462B Burned After v4.1.1 Upgrade</a><br><a href="https://www.cryptopolitan.com/binance-november-lunc-burn-terra-classics/" rel="noopener noreferrer nofollow">Cryptopolitan: Binance Misses November LUNC Burn</a></p>
<p><a href="https://bsc.news/latest-news?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">See more news on bsc.news</a></p>

Terra Classic Burns Over 1 Billion LUNC in 11 Days, Total Reaches 463.86 Billion

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