Binance misses November LUNC burn, testing Terra Classic's exchange reliance

Binance did not carry out the Luna Classic (LUNC) token burn expected on November 1, ending a monthly pattern that began in March. Its last burn, on October 1, removed 334.88 million LUNC, only 0.006% of the roughly 5.5 trillion tokens in circulation and worth about $13,700 on November 3. Binance's policy allows until the fifth of each month to calculate trading fees, and the exchange has not confirmed the delay's reason; a Terra Classic contributor cited possible wallet-security changes. The missed burn has little supply impact but highlights Terra Classic's reliance on one centralized exchange for regular voluntary burns.