How Many Terra Classic (LUNC) Tokens Burned in the Last 1 Month? At this Rate, How Long Will It Take to Fall to the Old LUNA Supply?

Burn amounts for Terra Classic ($LUNC) have been announced. According to the latest data, the amount of $LUNC burned in the past seven days was approximately 73 million.

When the last month's data is analyzed, it is seen that a total of 201 million LUNCs were sent to their burning addresses.

The Terra Classic price is trading at $0.00006337 at the time of writing, and based on this price, the total amount of $LUNC burned this month corresponds to a very low amount of $ 12.000.

On a weekly basis, approximately $4,626 $LUNC tokens were burned.

The maximum supply of Terra ($LUNA), the original token founded by Do Kwon, was approximately 350 million $LUNA. Based on current combustion data, it would take another 28,931 monthly burns, or 2410 years, for $LUNC to reach pre-collapse $LUNA supply.

During the Terra crash in May 2022, the cryptocurrency company Terraform Labs, led by Do Kwon, minted trillions of $LUNA tokens in order to keep the UST token stable at $1, causing the price to nearly zero.

*Not investment advice.