Binance Burns Over 334M LUNC Tokens, Price Remains Flat

Binance has continued its efforts to reduce the supply of Terra Luna Classic (LUNC) tokens. On October 1, 2026, the exchange burned 334,879,422.009852 LUNC tokens as part of its monthly Buyback-&-Burn campaign.

This latest burn brings the cumulative total beyond 460 billion, with Binance accounting for over 88 billion of the eliminated tokens. The remaining circulation is approximately 5.51 trillion coins.

Despite the significant reduction in supply, the price of LUNC has barely moved. Analysts on X have questioned why the burning campaign has had little impact on the token's value.