Centralized exchange Binance has burned Luna Classic tokens on the first of every month since 2023, when Do Kwon's Terra Luna empire came crumbling down. At the start of November, however, that burn has not occurred. Luna Classic (LUNC) is the original native token for the Terra blockchain, which Terraform Labs founder Do Kwon forked and left behind in 2022 in a bid to rescue his collapsing project. Kwon was later convicted of fraud and sentenced to 15 years in prison for his role in Terra’s $40 billion implosion. Yet the decentralized network he left behind has kept running, propped up by a passionate community of supporters who have sunk time, effort and money into keeping it alive.