Read this article on bsc.news Terra Classic ($LUNC) burned more than 1 billion tokens in the first 11 days of November, as on-chain burns continued at close to 100 million tokens a day. The n
Terra Classic ($LUNC) 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.
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.
The running total since May 2022 now stands at 463.86 billion LUNC burned, according to LUNC Metrics. Circulating supply is 5.54 trillion.
That total is up from about 462.5 billion tokens burned as of around October 29, based on community trackers cited by CoinReporter. Figures vary between tracking services, so totals may differ depending on the source.
Terra Classic uses an on-chain burn tax charged on LUNC transfers. CoinReporter 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.
Exchange programs add to the total. Binance has historically burned LUNC each month using a share of trading fees. Cryptopolitan 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.
Despite the pace, the scale of the supply limits the impact. CryptoTicker 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.
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.
CryptoTicker: Terra Classic, How Much LUNC Burns Really Cut the SupplyCoinReporter: LUNC Hits 462B Burned After v4.1.1 UpgradeCryptopolitan: Binance Misses November LUNC Burn
