142 Million LUNC Tokens Burned on New Year’s Day, 6,940% Increase from Previous Day

• Investors had taken to sending coins to dead (burn) addresses in a bid to reduce the large supply of the token.
• On Sunday, Jan. 01, a total of 142,426,318 LUNC tokens were burned, 6,940% increase from the previous day.
• The report shows that 50 burns occurred at 3 BPH, with 1 LUNC equalling $0.00015025.

Investors of LUNC tokens had taken a unique approach to reduce the large supply of the token – sending coins to dead (burn) addresses. This had been in full swing for a couple of months, and though there was a slowdown towards the end of 2022 due to the holidays, the first day of the new year saw a drastic change.

On Sunday, Jan. 01, the LUNC Burn Tracker account on Twitter reported a significant increase in the amount of LUNC tokens being burned. In comparison to the last day of the year where only 2,022,866 tokens worth $298 were burned, the first day of the year saw a whopping 6,940% increase. A total of 142,426,318 LUNC tokens were burned, worth a total of $21,400.

Interestingly, the large majority of the burned tokens came from a single account. The report showed that 50 burns occurred at 3 BPH, with 1 LUNC equalling $0.00015025. This demonstrates the commitment of investors to reducing the supply of LUNC tokens, and the potential of the token.

As the LUNC Burn Tracker account continues to monitor the burn rate, investors can be assured that the token is in safe hands. With the amount of LUNC tokens decreasing, the value of the remaining tokens increases, making it an attractive investment option for those looking to make a long-term commitment.