Terra Classic's recent increase in burn tax to 1.5% has measurably reduced LUNC token supply but at a slow pace. Over the past year, about 0.62% of the total supply was burned, implying it would take roughly 112 years to halve the circulating tokens if the current rate continues. The burn tax applies only to on-chain transfers, excluding most exchange trades, limiting its impact. Binance's monthly burns contribute about 10% of total burns but are relatively small in scale. Overall, the burn mechanism reduces supply but on a timescale far beyond typical investment horizons, meaning investors should not rely on burns alone for price gains.
Terra Classic's recent LUNC burn tax and its effects provide context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's market snapshot as of Sep 16, 2026 07:21 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell today. Notable movers include THETA at Rp3.176 with a 1-day change of -7.49% and a typical hold time of 77 days with 95% sell orders, XTZ at Rp4.444 down 7.49% with 97% buy orders and a 100-day hold, and ALGO at Rp1.576 down 7.29% with 79% sell orders and a 128-day hold time.
Pepeto, a new cryptocurrency on the Ethereum network, has quickly raised over $11.23 million in its presale, with each funding stage closing faster than the last. This momentum comes as Ethereum is predicted to reach $10,000 by the end of 2026, drive...
BlackRock, Inc. disclosed that its voting rights in pharmaceutical company Fagron NV fell below the 3% reporting threshold due to the transfer of voting securities, despite acquiring financial instruments equivalent to voting rights. As of October 12...
Opus Genetics announced FDA approval of phentolamine ophthalmic solution 0.75% for treating presbyopia, an age-related condition affecting near vision in adults. This approval, based on successful Phase 3 trials, provides a non-invasive option that i...
K2 Vision has completed over 5,000 procedures using the Light Adjustable Lens (LAL), making it the highest-volume practice worldwide for this technology. The LAL is unique because it can be adjusted after implantation to fine-tune vision based on the...
BlackRock, Inc. disclosed that its shareholding in Fagron NV dropped below the 3% threshold to 2.96% after selling some voting securities, despite acquiring equivalent financial instruments. As of October 12, 2026, BlackRock holds 2,015,779 voting ri...
