Binance overlooks November Luna Classic burn for first time since 2023
·2 min read
Compiled by KHAO Editorial
— aggregated from 2 sources.
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The exchange's monthly LUNC burn did not arrive on November 1, and Binance has not explained why.
Key facts
Circulating supply of LUNC is estimated at between 5.52 and 5.53 trillion tokens
The exchange's monthly LUNC burn did not arrive on November 1, and Binance has not explained
Across every source combined, total LUNC burned stood at around 462.9 billion as of early November
Supply has shown a modest deflationary drift over the past 90 days
Summary
On November 1, nothing happened. It is the first time the exchange has skipped the burn since the program started. Binance has not said whether the program is paused, cancelled, or simply running late. Binance is one of the largest outside contributors to LUNC supply reduction.