Terra Classic remains one of the most traded cryptos in the space as it attracted more than $450 million in volume in the last 24hrs.
The news comes after Binance revealed its latest burn efforts saw nearly 3 billion LUNC permanently erased from the supply, equal to nearly $1 million.
In late September, Binance CEO Changpeng Zhao revealed the world's largest crypto exchange would honor a 1.2% burn on the transactions tax, backdated to September 21.
The first LUNC burn, which covered September 21 to October 1, saw more than 5.5 billion LUNC taken out of supply and the second - the week from October 1 to 8 - saw another 2.9 billion wiped out.
The burn has cost Binance nearly $3 million but the exchange is seeing the vast majority of LUNC trading taking place on their platform as a result of the announcement.
LUNC Burn Efforts Increase
As the table below shows, the burn efforts have seen Binance remove a total of 8,588,471,344.33 LUNC, which has a dollar equivalent of...
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