Terra Classic ($LUNC) burned more than 1 billion tokens in the first 11 days of November, with on-chain burns continuing at nearly 100 million tokens per day.
The network burned 1.06 billion $LUNC from November 1 to 11. Four days saw burns top 100 million tokens. The largest was November 5, at 162 million.
Cumulative $LUNC Burns Reach 463.86 Billion
According to $LUNC Metrics, the cumulative total burned since May 2022 has reached 463.86 billion $LUNC. The circulating supply is 5.54 trillion.
That is up from about 462.5 billion tokens burned as of around October 29, according to community trackers cited by CoinReporter. Totals vary across tracking services and may differ by source.
How the Burn Mechanism Works
Terra Classic applies an on-chain burn tax to $LUNC transfers. CoinReporter reports that Proposal 12223 raised the tax from 0.5% to 1.5% in early August 2026. The tax applies only to transactions on the Terra Classic chain, not trades on centralised exchanges.
Exchange programs also contribute to the total. Binance has historically burned $LUNC monthly using a portion of trading fees. Cryptopolitan reported that Binance's November 1 burn had not appeared in tracked records by early November, marking the first break in a pattern that had continued since March 2023. The outlet said the missed burn was small relative to total supply and that Terra Classic can continue burning tokens without the exchange.
Supply Overhang Remains Large
Despite the pace, the large supply limits the impact. CryptoTicker concluded that $LUNC burns are reducing supply measurably but slowly, citing about 39.78 billion $LUNC burned during the twelve months through September 15, 2026.
At a rate of about 100 million tokens per day, the November pace would reduce the 5.54 trillion circulating supply by well under 0.1% each month, based on the figures above. Community proposals have set a long-term target of 10 billion total $LUNC, still far below the current supply.
Sources
CryptoTicker: Terra Classic, How Much $LUNC Burns Really Cut the Supply
CoinReporter: $LUNC Hits 462B Burned After v4.1.1 Upgrade
Cryptopolitan: Binance Misses November $LUNC Burn
