Binance removed 334,879,422 Terra Luna Classic (LUNC) from circulation on October 1, the headline transaction in its monthly exchange burn and the figure that led community trackers and crypto outlets. A second burn later the same day added 21,007,132 LUNC, taking the October 1 total to 355,886,554, according to on-chain records compiled by LUNC Metrics and reported by Lunc Daily.

The exchange has run the program since late 2022. It sends a share of fees earned on LUNC spot and margin pairs to a burn address. The current rule is 50 percent of the prior month’s fees. The October batch covers fees collected in September. Binance originally burned 100 percent of those fees, then cut the rate to 50 percent in late 2022 and has kept the monthly cadence ever since.

What hit the chain

LUNC Metrics lists two burn-wallet transfers from a Binance-linked address, terra18vnrzlzm2c4xfsx382pj2xndqtt00rvhu24sqe:

• 334,879,422 LUNC at 11:02 UTC on October 1, block 30,643,773
• 21,007,132 LUNC at 12:30 UTC the same day, block 30,644,669

The first figure is the one most outlets used. CoinTurk and DailyCoin both reported 334,879,422.009852 LUNC destroyed and put Binance’s cumulative burns above 88 billion. LUNC Metrics priced that primary batch at about $17,605. The second transfer is smaller but real on-chain, and it is why some community accounts rounded the day to 355.89 million rather than 334.88 million.

Where the totals stand

Figures differ slightly by tracker because some count only the monthly fee batches and others add on-chain tax routed through Binance wallets.

• LUNC Community’s batch log puts Binance’s tracked fee burns at about 88.10 billion LUNC across 50 batches, with the October 1 batch listed at 334.9 million.
• LUNC Metrics, which also counts chain-fee burns, put Binance’s all-in total near 90.33 billion as of October 4, of which about 88.34 billion were direct burns to the burn wallet. That is roughly 19.6 percent of all LUNC destroyed.
• Network-wide burns sit around 460.1 billion to 460.2 billion LUNC. On-chain tax burns, Binance fee burns, and direct or community burns are the three main sources. Terra Form Labs remains the largest single historical burner. Binance is the largest exchange burner.

CoinTurk put circulating supply near 5.51 trillion after the burn. Against a supply still measured in the trillions, 335 million tokens is a rounding error in percentage terms, which is the point critics keep making.

Same size as September, far below the year’s peaks

The October primary batch matches the September 1 burn almost token for token. That earlier burn also came in at 334,879,422 LUNC and covered August fees. August 1 was smaller, at about 275.6 million. Earlier 2026 batches were much larger: about 5.30 billion on January 1, 2.19 billion on June 1, and 1.08 billion on February 1, according to the LUNC Community batch history. The last two months point to a flat, modest fee base rather than a revival in LUNC turnover on the exchange.

Price did not follow the burn

DailyCoin’s headline on the day was the awkward one: Binance set 334 million LUNC on fire, and the price barely moved. CoinTurk said 24-hour volume was under $10 million. That is the standing argument around these burns. Supporters treat the four-year streak as proof Binance never fully walked away from Terra Classic after the 2022 collapse. Skeptics note that a five-figure dollar burn cannot tighten a 5.5-trillion supply, and that the token still trades on the burn narrative more than on scarcity.

Binance has not issued a separate market comment beyond executing the transfers. The next scheduled batch, if the pattern holds, is November 1 and will reflect October fees.