Last Sunday, 5,619,272 LUNC tokens were removed from circulation. Of these 5.6 million coins, as many as 5.4 million were burned in a single transaction. This amount represents more than 96% of the total coins burned.
According to Terra Finder, the first burning took place at 3:04 am (UTC) on Sunday, removing 80,000 LUNC tokens from circulation. Little is known about the entity behind the incineration process.
5.4 million burn from LUNC DAO
In contrast, the largest transaction in 24 hours took place on December 4 at 20:38 (UTC). In the transaction in question, the network witnessed the burning of 5,431,032 LUNCs at once. Data from Terra Finder shows that the transaction came with the note LUNC-DAO-BURN-38, indicating a link with the standalone Terra validator LUNCDAO.
LUNCDAO is persistently burning as many coins as possible to fulfill its commitment to support the Terra Classic revival campaign. This makes LUNCDAO one of the most active organizations burning LUNC.
Koinfinans.com As we reported, this latest burning event brings the total number of burns of LUNCDAO to more than 415 million tokens. Last month, LUNCDAO burned up to 22 million tokens in a single transaction, one of the largest to date.
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