Binance misses November LUNC burn, raising community concerns about reliance
Binance did not carry out its anticipated Luna Classic (LUNC) token burn for November 1, ending a streak of monthly burns that began in March. This missed burn marks the first time since early 2023 that Binance, the world’s largest cryptocurrency exchange by trading volume, has not executed the planned supply reduction, highlighting Terra Classic’s ongoing dependence on a single centralized platform.