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.
Evolution Petroleum reported a fiscal Q4 adjusted loss of $0.02 per share, missing the $0.01 estimate, but revenue rose 15% to $24.21 million, beating expectations. GAAP net income was $4.61 million, up from $3.41 million a year earlier, helped by un...
Shares of Future FinTech Group (FTFT) dropped 28.61% after reversing previous gains, following a recent reverse stock split. Swarmer (SWMR) declined 28.36% as its post-IPO lock-up period expired, increasing potential share supply. Enova International...
Veea Inc. shares surged 149.34% following the announcement of a potential business combination with NovaGen Group B.V. The deal aims to create NovaGen Health Networks, merging Veea's AI edge-computing tech with NovaGen's regenerative medicine. GeoNov...
Injective's real-world asset (RWA) perpetual markets have reached $214.9 million in trading volume over the past 30 days, marking a 3.4x increase since May 2026. These perpetual contracts allow traders to hold leveraged positions on equities, commodi...
Ripple has signed a multi-year partnership with the University of Louisville to place the XRP logo permanently on the basketball court at the KFC Yum! Center, home to both men’s and women’s basketball teams. The deal includes additional branding acro...
