Binance has burned a share of its Luna Classic (LUNC) trading fees nearly every month since March 2023, but according to StatsBin data, the November burn has yet to occur. Some investors link the delay to the record $6.3 billion hack of Binance, which the FBI attributes to North Korea’s TraderTraitor. A prominent community member says Binance is moving LUNC to a more secure wallet before resuming burns, though Binance has not confirmed this or responded to a request for comment. LUNC has dropped 7.9% over the past week to $0.0000417, down 99.99% from its all-time high of $119.18. Binance previously paused burns at the end of 2022, after the Terra Classic community voted to re-mint burned tokens.
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Related tickers and likely impact
LUNC/USDT
▼ Likely negativeTerra Luna Classic
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | DeFi |
| Market cap | $237.0M |
| Close on 11/02/2026 | 0.00004 |
| Change that session | -4.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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